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Diversify your rental portfolio under one roof with this mixed use Charles Village building. Housing four apartments and one retail suite, 2414 Saint Paul Street is 100% leased and provides instant cash flow, in one of Baltimore's premier real estate investment markets. Unit Mix: 3 Efficiency Apartments 1 One-Bedroom Apartment 1 Retail Clothing Store 2414 Saint Paul Street has first-floor retail on the street level, two apartments on the second floor, and two apartments on the third floor. Apartment kitchens feature sturdy, easy-to-clean construction with a mix of wood and laminate cabinets, laminate countertops, and ceramic tile floors. Bathrooms have modern vanities and full-sized tubs. Living areas contain a mix of laminate, ceramic tile, and hardwood flooring. With compact apartments and easy-to-maintain finishes, tenant turnovers will be a breeze. The Charles Village neighborhood provides a steady supply of quality tenants. The commercial space is leased to a clothing store, with a 3 year term and 3 year renewal option. This building's C-1 zoning allows a myriad of business uses including retail, office, or medical. With no walk-up stairs and high street visibility, 2414 Saint Paul Street's commercial element provides a desirable location for businesses. 2414 Saint Paul Street has 5 gas meters and 6 electric meters. Currently the commercial tenant and one apartment tenant pay their own utilities; the rest have their utilities included in the rent. A savvy landlord might pass these costs along to the tenants to increase cash flow. This mixed-use building's apartments have electric baseboard heat; the commercial suite has a gas-fired forced air furnace with corresponding air conditioning. Each unit has its own water heater. The building has vinyl replacement windows, and a rubber roof with elastomeric coating. Just around the corner from 2414 Saint Paul Street is 25th Street, a bustling commercial corridor. This neighborhood is home to many mom-and-pop shops as well as office suites, restaurants, and retail storefronts. 2414 Saint Paul Street has a WalkScore of 94, earning the designation “Walker's Paradise”; a TransitScore of 70, and a BikeScore of 89. This location in central Baltimore is just short drive from downtown, and I-83 provides quick access to the City's highway systems. The neighborhood is served by the Charles Village Benefits District-this nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. $525,000 $105,000 Per Unit $206 Per Sq. Ft. 10.5 Times Actual Rents (GRM) 9.2 Times Market Rents (GRM) 7.70% Cap Rate 6.8% Projected Cash-on-Cash Return

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Listed by Thomas Fair of Ben Frederick Realty,Inc.

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