1303 N Charles St Baltimore, MD 21201
1303 N Charles Street is a six-unit mixed-use property located in the vibrant Midtown neighborhood of Baltimore.
This fully renovated property consists of five residential units and one ground-floor retail space, complemented by two private parking spaces at the rear. Each residential unit has been updated with modern finishes, including granite countertops, laminate flooring, white shaker cabinets, and in-unit washers and dryers. The property features individual split heating and cooling systems in the residential units, while the basement and retail space benefit from central HVAC. All systems, including a two-year-old roof, are relatively new, ensuring efficient operations and tenant satisfaction.
This fully renovated property consists of five residential units and one ground-floor retail space, complemented by two private parking spaces at the rear. Each residential unit has been updated with modern finishes, including granite countertops, laminate flooring, white shaker cabinets, and in-unit washers and dryers. The property features individual split heating and cooling systems in the residential units, while the basement and retail space benefit from central HVAC. All systems, including a two-year-old roof, are relatively new, ensuring efficient operations and tenant satisfaction.
From a financial perspective, the property offers significant upside. Currently 83% leased, there is an opportunity to increase rents by 23.5% to meet market rates, leveraging its high-quality renovations and prime location. Additionally, buyers can assume existing debt with a competitive 5.8% interest rate, an attractive option in today’s high-rate environment. Located within the CHAP Historic Tax Credit zone, the property also offers potential tax savings for future renovations, further enhancing its value as a long-term investment. 1303 N Charles Street is an exceptional opportunity for investors seeking stable income and growth potential in a sought-after urban location.
