1014 S CHARLES ST Pending Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21230
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $83
Subdivision Federal Hill Historic District
MLS Listing ID MDBA2145776
Style Traditional
Bedrooms 6
Full Baths 4
Year Built 1920
Annual Tax Amount $10,120
Tax Year 2024
Lot Size 1,845 Sqft
Property Description
ONLINE AUCTION: Bidding Begins 12/11/24 @ 10:00 AM, bidding ends 12/13/24 at 11:30 AM. List Price is Suggested Opening Bid. Deposit: $50,000. Deposit must increase to 10% of total purchase price within 72 hours.
Investment opportunity in the heart of Federal Hill! This 3-story townhouse is situated in one of Baltimore's most vibrant neighborhoods, offering unparalleled convenience and accessibility. Located just minutes from popular attractions like the Cross Street Market, M&T Bank Stadium, and Oriole Park at Camden Yards, this property is perfect for investors looking to capitalize on a prime location. Enjoy easy access to S Hanover St, a major traffic artery, ensuring seamless connections to surrounding areas and commuter routes.
The property features an unfinished interior with significant construction progress, including framed structures for future commercial and residential spaces. The spacious layout, encompassing approximately 5,100 square feet above grade, has the potential to accommodate a variety of design possibilities. Additionally, the property is believed to include space for a +/- 2-car garage, making it an attractive option for businesses or residents needing secure parking in a bustling urban setting.
Unit Breakdown:
First Floor: Designed for a commercial space and (1) efficiency unit.
Second Floor: Planned for (1) two-bedroom, one-bathroom unit, and (1) one-bedroom, one-bathroom unit.
Third Floor: Configured for (1) two-bedroom, one-bathroom unit, and (1) one-bedroom, one-bathroom unit.
Total Residential Units: 5 units, including (2) one-bedroom units, (2) two-bedroom units, and (1) efficiency unit. Conceptual plans call for all units to be separately metered, enhancing tenant management and billing.
Projected Monthly Rental Income:
Two-Bedroom Units: $2,000 per month, per unit
One-Bedroom Units: $1,500 per month, per unit
Efficiency Unit: $1,000 per month
Commercial Space: $3,000 per month
Total Gross Projected Market Rents: Approximately $11,000 per month, including the commercial space.
Location
State MD
County Baltimore City
Zoning C-1
Rooms
Other Rooms Bedroom 2,Bedroom 3,Bedroom 4,Bedroom 5,Bedroom 1,Efficiency (Additional),Commercial/Retail Space,Bedroom 6,Full Bath
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 1.0
Water Access N
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Special Listing Condition Auction