18 W Franklin St - Office/Residential FOR SALE


Baltimore, MD 21201- Historic Baltimore
$1,100,000 USD
240-645-8175
18 W Franklin St, Baltimore, MD for Sale
$1,100,000 USD
Office/Residential - FOR SALE
1/73
null | 7.1% Cap Rate

18 W Franklin St
Baltimore, MD 21201
Historic Baltimore


OVERVIEW

Exceptional investment opportunity in the heart of Mount Vernon! This fully occupied six-unit mixed-use building generates over $119,000 in annual income and features great long-term tenants who wish to stay. Ideally located in one of Baltimore’s most historic and vibrant neighborhoods, the property combines 5 residential apartments and 1 commercial space, offering strong cash flow and stability. The building has been thoughfully updated adding modern finishes while keeping it's historic integrity. 18 W Franklin St. features 3 residential units and 1 commercial unit. Fully leased, with great tenants. 7 W Hamilton features an amazing 3 bedroom loft apartment with garage and a very cute 1 bed courtyard apartment, both leased to amazing tenants. Additional highlights include a beautiful courtyard, classic Mount Vernon charm, and close proximity to restaurants, shops, and public transportation. Roof and gutters were replaced in 2016. A perfect turnkey investment in a premier city location!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1820

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,060 SF

ZONING

B042, Baltimore

APN/PARCEL ID

0551-003

ASK ABOUT THIS PROPERTY

Frantz DerenoncourtSamson PropertiesMore Info
240-645-8175

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Frantz DerenoncourtSamson PropertiesMore Info
240-645-8175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.