Charles North 4 Unit | 2024 Saint Paul St
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Charles North 4 Unit 2024 Saint Paul St
4 Unit Apartment Building $646,403 CAD ($161,601 CAD/Unit) 9.03% Cap Rate Baltimore, MD 21218
Investment Highlights
- Multi-Family Investment in Charles North, with a 73% Renter Population, Ensuring Low Vacancy Rates
- Turn-key Apartments with Low-Maintenance Infrastructure and Easy-to-Clean Finishes Help Maximize Returns and Minimize Repair Headaches
- Entry Level Pricing at $450,000; only $112,500 per Unit
Executive Summary
Turnkey Interiors:
2 One-Bedroom Apartments
1 Junior One-Bedroom Apartment
1 Studio Apartment
Kitchens feature durable laminate counters and cabinets, paired with 30? electric ranges. Apartment 1R includes a built-in microwave. Bathrooms are outfitted with pedestal sinks and shower stalls with vinyl enclosures, offering practical, low-maintenance finishes. Shared laundry facilities in the basement provide additional tenant convenience.
Utility Specifics:
Systems and utilities for this turnkey multi-family are straightforward. Tenants manage their own electric baseboard heating and each unit features a self-contained electric water heater. Water is billed back to tenants, boosting cash flow. A bill-back for public service electric could further improve investment returns. Observable plumbing is modern PEX, which ensures durability and ease of replacement. The property is equipped with 5 electric meters, delivering 100 amps to each unit, including 100 amps to the public service. There are two gas meters; one is abandoned and one that is kept active. A new owner could terminate this gas service or keep it and install gas appliances.
What is Great About Charles North?
Charles North stands out as a lively sub-neighborhood celebrated for its artistic and cultural energy. Anchored by the Station North Arts and Entertainment District, the area has become a hub for creative professionals, music enthusiasts, and young urbanites. With its historic architecture, vibrant nightlife, and proximity to Penn Station, Charles North offers an attractive mix of convenience and charm.
Perfectly situated in this evolving neighborhood, 2024 Saint Paul Street is positioned to capitalize on Charles North’s ongoing transformation. As Station North expands northward and Charles Village pushes south, this location represents a prime opportunity for savvy investors. With turnkey interiors and value-add potential, this property is ideal for first-time investors entering the market or experienced professionals seeking to grow their portfolio in one of Baltimore’s most promising areas.
2 One-Bedroom Apartments
1 Junior One-Bedroom Apartment
1 Studio Apartment
Kitchens feature durable laminate counters and cabinets, paired with 30? electric ranges. Apartment 1R includes a built-in microwave. Bathrooms are outfitted with pedestal sinks and shower stalls with vinyl enclosures, offering practical, low-maintenance finishes. Shared laundry facilities in the basement provide additional tenant convenience.
Utility Specifics:
Systems and utilities for this turnkey multi-family are straightforward. Tenants manage their own electric baseboard heating and each unit features a self-contained electric water heater. Water is billed back to tenants, boosting cash flow. A bill-back for public service electric could further improve investment returns. Observable plumbing is modern PEX, which ensures durability and ease of replacement. The property is equipped with 5 electric meters, delivering 100 amps to each unit, including 100 amps to the public service. There are two gas meters; one is abandoned and one that is kept active. A new owner could terminate this gas service or keep it and install gas appliances.
What is Great About Charles North?
Charles North stands out as a lively sub-neighborhood celebrated for its artistic and cultural energy. Anchored by the Station North Arts and Entertainment District, the area has become a hub for creative professionals, music enthusiasts, and young urbanites. With its historic architecture, vibrant nightlife, and proximity to Penn Station, Charles North offers an attractive mix of convenience and charm.
Perfectly situated in this evolving neighborhood, 2024 Saint Paul Street is positioned to capitalize on Charles North’s ongoing transformation. As Station North expands northward and Charles Village pushes south, this location represents a prime opportunity for savvy investors. With turnkey interiors and value-add potential, this property is ideal for first-time investors entering the market or experienced professionals seeking to grow their portfolio in one of Baltimore’s most promising areas.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (86)
zoning
| Zoning Code | C1 |
| C1 |
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Charles North 4 Unit | 2024 Saint Paul St
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