525 N Charles St - Apartments FOR SALE


Baltimore, MD 21201- Historic Baltimore
$650,000 USD
443-523-6865
525 N Charles St, Baltimore, MD for Sale
$650,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

525 N Charles St
Baltimore, MD 21201
Historic Baltimore


HIGHLIGHTS

  • Opportunity to Acquire a Fully Occupied, Mixed-Use Asset in Historic Mount Vernon
  • Ability to Create Value and Increase Rents Via Renovation Program
  • Less than a 5 Minute Walk Away from The Peabody Institute of the Johns Hopkins University and Mercy Medical Center

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire 525 N Charles, a fully occupied mixed-use asset located in Historic Mount Vernon. 525 N Charles is a 1-minute walk away from The Peabody Institute of the Johns Hopkins University, a private conservatory and preparatory school, and a 5-minute walk away from Mercy Medical Center. The property features 5 units with a mix of (1) 1 Br-1 Ba, (2) 2 Br-1 Ba and (2) commercial spaces on the ground floor. The commercial spaces are leased to a body contouring studio, who just renewed through 2026, and a spiritual life coach through 2030. Typical apartment unit features consist of white appliances, wood cabinets, laminate countertops, and tile/hardwood/carpet flooring. The opportunity exists for a new owner to renovate the 3 residential units with a suggested scope of stainless steel appliances, granite countertops, new cabinets, updated bathrooms, and LVT flooring throughout. Comparable properties nearby are currently achieving rents at least 20% higher on average than the Subject property. There is also an ability to monetize the on-site parking space as the tenants are currently not being charged for parking.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,252 SF

ZONING

OR-2

APN/PARCEL ID

0552-033

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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