38-40 E 25th St 7 Unit Apartment Building $1,315,351 CAD ($187,907 CAD/Unit) 6.55% Cap Rate Baltimore, MD 21218
INVESTMENT HIGHLIGHTS
- 2 buildings on prime corner in Charles Village
- Highly visible corner on 2 busy thoroughfares
- 7 unit Mixed use Building
- Commercial space includes former liquor store, bar and large eat-in deli.
- Most apartments are 2 Bedrooms with 2 full bathrooms
EXECUTIVE SUMMARY
7- Self-contained units. Two large attached mixed-use buildings on a prime corner in Charles Village. Untapped further potential in commercial spaces. additional retail/office spaces can be added to the lower level
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,664
|
$12.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$311
|
$0.03
|
| Effective Gross Income |
$124,353
|
$12.72
|
| Taxes |
$26,578
|
$2.72
|
| Operating Expenses |
$7,276
|
$0.74
|
| Total Expenses |
$33,854
|
$3.46
|
| Net Operating Income |
$90,499
|
$9.26
|
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Bay Window
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Breakfast Nook
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | $1,454 CAD | 1,200 |
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 3831-034 | Total Assessment | $1,231,737 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $26,578 CAD ($2.72 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
