$298,500
$310,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
2,809 SqFt
SOLD DATE : 12/10/2020
Key Details
Sold Price $298,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,809 sqft
Price per Sqft $106
Subdivision Old Goucher
MLS Listing ID MDBA501914
Sold Date 12/10/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,708
Tax Year 2019
Lot Size 1,496 Sqft
Acres 0.03
Lot Dimensions 16' x 96'6\"
Property Description
Did you know that Old Goucher was named Baltimores Latest Up-and-Coming Neighborhood by the Baltimore Business Journal? Old Goucher saw an 81.6% population growth from 2000-2010, due to the addition of many small businesses and increased interest in the restaurants, bars, and artistic spaces the area offers. Nestled between the expanding neighborhoods of Charles Village, Remington, and Station North, Old Goucher is sure to be the next to take off! The store and the two of the three apartments are currently leased. Vacant apartment just needs your finishing touches to rent out! Each unit has its own electric meter; the apartments run on individual electric heat pumps and hot water heaters, while the store uses a Blueridge ductless mini-split. All visible plumbing is copper & C-PVC. 2nd floor has a washer/dryer; you can easily add laundry to other units as ductwork and plumbing are already roughed in. Located along the busy commercial district in Old Goucher, there is high demand for small retail space and affordable apartments. Tenants here can walk to accomplish most day-to-day errands; 2213 Charles has a WalkScore of 95, a TransitScore of 70, and a BikeScore of 90. Call today to schedule a tour! Investment Summary: $310,000 $77,500 Per Unit $147 Per Sq. Ft. 10.3 Times Actual Rent (GRM) 7.2 Times Market Rent (GRM) 9.20% Cap Rate 15.2% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Multi-tank, Electric
Heating Central, Heat Pump(s)
Cooling None
Flooring Carpet, Vinyl, Other
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
Roof Type Other
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312083819 007
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Special Listing Condition Standard
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Bought with Stephen F. Meszaros • Berkshire Hathaway HomeServices Homesale Realty