Contacts
Yaakov Kanevsky
Midfield Realty
(410) 498-5408
Property Details
- Property Type Other
- Units 6
- Date Updated Apr 25, 2024
- Website 1303ncharlesstreet.sharplaunch.com
Prime Location:
Situated in the heart of Baltimore, 1303 N Charles St enjoys a prime location, offering easy access to various amenities and services. Located in close proximity to renowned universities such as University of Baltimore, MICA and Johns Hopkins University.
Convenient access to major highway like I-83, facilitates seamless transportation and connectivity, enhancing the property's accessibility and appeal. Residents will also enjoy the convenience of nearby coffee shops such as Starbucks and close proximity of Grocery shopping stores such as Whole Foods Market and Save a Lot, fostering a vibrant safe place community atmosphere while ensuring residents have easy access.
Assumable Debt at Attractive Rate:
The property comes with an assumable debt option at a competitive interest rate of around 5.5%, offering potential cost savings and favorable financing terms for the investor.
Assuming a loan with around 5.5% interest rate can result in substantial cost savings over the life of the loan compared to obtaining a new loan at potentially higher prevailing interest rates. This translates to lower monthly mortgage payments and reduced overall financing expenses.
Opportunity for Rental Income Growth:
Currently, the property experiences a reduction in rent occupancy rate, primarily attributed to the recent renovations within the units. While the current occupancy rate has been impacted because of the recent renovation, still the renovations contribute to the potential for a higher rental income in the future. Since the renovation has been completed, there is an opportunity to market the improved units to prospective tenants strategically. Implementing a robust marketing strategy can unlock the potential for increased rental income. With careful positioning and targeted advertising, the property can attract a higher volume of quality tenants, maximizing returns for investors.
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Attachments
Getting around
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Location
- City Baltimore, MD
- Neighborhood Mid - Town Belvedere
- Zip Code 21201
- Market Baltimore
Points of Interest
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Baltimore Penn Station
0.24 miles
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Cultural Center
0.26 miles
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Mount Royal / University of Baltimore
0.33 miles
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State Center
0.42 miles
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Centre Street
0.55 miles
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North Avenue
0.66 miles
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Lexington Market
0.82 miles
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Lexington Market
0.85 miles
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Charles Center
0.98 miles
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Baltimore Arena
1.08 miles
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BP
0.09 miles
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Marathon
0.42 miles
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American Fuel
0.61 miles
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Oceanic
0.65 miles
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Sunoco
0.77 miles
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Gulf
0.80 miles
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Exxon
0.86 miles
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Carroll Motor Fuels
0.90 miles
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eVgo
0.93 miles
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Exxon
1.00 miles
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1205 Maryland Avenue Public Parking Lot
0.08 miles
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PNC Bank
0.11 miles
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Maryland Avenue Garage
0.14 miles
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Park PMI
0.15 miles
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Penn Station Parking Garage
0.19 miles
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Symphony Center Parking
0.25 miles
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Area D
0.25 miles
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Guest Parking
0.32 miles
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Fitzgerald Garage
0.32 miles
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Theatre Parking
0.37 miles
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Downtown Hotel
0.06 miles
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Belvedere
0.13 miles
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The Ivy Hotel
0.15 miles
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Hotel Brexton
0.26 miles
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Biltmore Suites Hotel - Park Avenue Building
0.43 miles
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Biltmore Suites Hotel - Main Building
0.44 miles
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Revival Baltimore
0.47 miles
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Motel 6
0.53 miles
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Hotel Indigo
0.62 miles
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Hostelling International
0.71 miles
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Eddie's of Mount Vernon
0.23 miles
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OK Market & Deli
0.47 miles
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Save-A-Lot
0.60 miles
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Save-A-Lot
0.73 miles
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Save-A-Lot
0.79 miles
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Streets Market & Cafe
0.82 miles
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Charles Plaza
0.83 miles
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Safeway
0.87 miles
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O K Groceries
1.07 miles
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Harlem Grocery
1.08 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Yaakov Kanevsky
Midfield Realty
(410) 498-5408