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2116 N Charles Street

BALTIMORE, MD 21218
  • $925,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: MDBA2042394
UPDATED: 52 min ago
$925,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Old Goucher is a hot and up and coming neighborhood. This mixed use property is a unique opportunity with major renovation/conversion completed in 2021, 7 units, combined residential and commercial, that allows for a variety of uses and tenant types, zoned C1, Enterprise Zone property tax credits available for about three more years (as a result, taxes are low for the building size and value at $5,500 approx. per year), Sprinkler and fire alarmed residential units, which allows for the possibility for institutional or government-funded tenant programs like master leasing for group, rehab, or other kinds of housing, In a SBA HUBZone, so allows for a government contractor with an office in the building to be eligible for HUBZone set-aside funding for government contracts. 2 of 3 commercial leases are currently month to month to allow for this possibility of an owner occupant, but both tenants would be willing to sign long term leases as well. Upgraded 2.5" water meter allows for the possibility of a heavier commercial use (such as a restaurant or bar) in basement unit , 4 parking spaces in the rear and secure alley gate minimizing pedestrian traffic 1R commercial space on first floor could be converted later to a 1 BR apartment or used for day use office/studio space, New separate electric meters for unitsNew HVAC system for each unit in the main building, each replaced since 2020. Terrace HVAC about 7 years old , New roof in 2020, New water heater for each residential unit , New appliances for each residential unit , All floors have been redone in the past few years , New unit plumbing, Historic details maintained including antique heart pine floors.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-17T15:53:49.727.
www.jessyoungrealestate.com/homes/127978612
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2116 N Charles Street BALTIMORE, MD 21218

  • Price: $925,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 52 min ago
  • ID#: MDBA2042394
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Old Goucher is a hot and up and coming neighborhood. This mixed use property is a unique opportunity with major renovation/conversion completed in 2021, 7 units, combined residential and commercial, that allows for a variety of uses and tenant types, zoned C1, Enterprise Zone property tax credits available for about three more years (as a result, taxes are low for the building size and value at $5,500 approx. per year), Sprinkler and fire alarmed residential units, which allows for the possibility for institutional or government-funded tenant programs like master leasing for group, rehab, or other kinds of housing, In a SBA HUBZone, so allows for a government contractor with an office in the building to be eligible for HUBZone set-aside funding for government contracts. 2 of 3 commercial leases are currently month to month to allow for this possibility of an owner occupant, but both tenants would be willing to sign long term leases as well. Upgraded 2.5" water meter allows for the possibility of a heavier commercial use (such as a restaurant or bar) in basement unit , 4 parking spaces in the rear and secure alley gate minimizing pedestrian traffic 1R commercial space on first floor could be converted later to a 1 BR apartment or used for day use office/studio space, New separate electric meters for unitsNew HVAC system for each unit in the main building, each replaced since 2020. Terrace HVAC about 7 years old , New roof in 2020, New water heater for each residential unit , New appliances for each residential unit , All floors have been redone in the past few years , New unit plumbing, Historic details maintained including antique heart pine floors.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking LotOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6200.00 Cooling Ductless/Mini-SplitHeat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 6200.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingHair Salon And SpaOther/General RetailProfessionalOther Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801503600178 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5417.00 Tax Assessment Amount 234800.00 Vacation Rental YN No Water Source Public Zoning Commerical

Listing courtesy of Allison James Estates & Homes.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-17T15:53:49.727.
 
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