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Charles Village 18 Unit Portfolio
Baltimore, MD Charles Village

$1,700,000 USD

Multifamily For Sale  •  3,486 SF

1 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 10.33 %
  • Zoning Ra
80 Transit Score
100 Walk Score

Highlights

4 buildings within 470 feet in the 2700 & 2800 block of Saint Paul — creates operational efficiency and rare block-level density steps from JHU
Current rents are 40% below market — organically increasing rents to market projects a 10.33% cap rate and 15.5% cash-on-cash return.
$94,444 per unit entry point — allows acquisition below prevailing renovated apartment pricing in the corridor.
Cap Rate: 10.33 %

Public Transportation

Commuter RailDriveWalkDistance
Penn Station (PENN - WASHINGTON - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Penn Station & Camden Yards - Maryland Area Regional Commuter Trains (The MARC)) 3 min 20 min 1.1 mi
Camden Station Marc (CAMDEN - WASHINGTON - Maryland Transit Administration) 8 min - 3.0 mi
AirportDriveWalkDistance
Baltimore/Washington International Thurgood Marshall 24 min - 12.5 mi
Tom Fair 410-235-9500 Ben Frederick Realty, Inc.
Tom Fair 410-235-9500 Ben Frederick Realty, Inc.