Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
Financial Highlights This 21-unit East Baltimore portfolio currently generates a Day One cap rate of 7.8%, with potential to reach 10–12% at market rents. Average rents are $1,020 per unit versus market rents of $1,250–$1,350, creating roughly $4,600/month ($55,000/year) in upside. The portfolio includes two fully leased commercial suites and several vacant residential units ready for lease-up. Property Highlights The portfolio comprises six properties with 12 one-bedroom units, five two-bedroom units, two studios, and two commercial spaces. Many units, especially on McCulloh Street, are move-in ready with central air, updated kitchens and bathrooms, hardwood floors, and in-unit washers/dryers. Kitchens feature modern appliances, and parking is available on-street, with 1918 McCulloh St offering a detached garage. 30 E 25th St is a mixed-use building combining residential and commercial income. Location Highlights The McCulloh Street properties (21217) serve 31,000+ residents with access to Bolton Hill Plaza, Mondawmin Mall, Druid Hill Park, and State Center Metro. 30 E 25th St in Charles Village reaches 8,200+ residents near the Baltimore Museum of Art, Waverly Farmers Market, and Penn Station. 2405 Barclay St is in Barclay/Harwood, home to 5,800+ residents near North Avenue Light Rail and Station North Arts District. Institutional anchors include Johns Hopkins University (30,500+ students, 27,000 employees), Johns Hopkins Hospital (30,000+ employees), and University of Maryland system (6,600+ students, 17,000+ faculty/staff).
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Steam
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,750,000
-
Tax Amount
$7,349
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Other
-
Tax Lot
030
-
Water Source
Other
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Yaakov Kanevsky , Midfield Realty
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AGENT
Jose Centeno
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