1014 S CHARLES STREET, BALTIMORE, MD 21230

$425,000

ON-SITE / ONLINE SIMULCAST AUCTION: Online Pre-Bidding Begins 11/18/24 at 10:00 AM. Online Pre-Bidding Ends 11/20/24 at 11:50 AM. Onsite/Online Simulcast Auction Begins 11/20/24 at 12:00 PM. Bidders must bring the $50,000 deposit with them, via certified funds, in order to participate in the on-site auction (cash or cashier's check).… Read More The Auctioneer's will hold the On-Site Simulcast Auction at the property (1014 S Charles St. Baltimore, MD 21230). 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 ofa0;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.a0;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 approximatelya0;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 bea0;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: Approximatelya0;$11,000 per month, including the commercial space. Read Less

Courtesy of Adam Shpritz, Ashland Auction Group LLC [email protected]

Listing Snapshot

Days Online

Last Updated

Nov 12, 2024

Property Type

Townhouse

Beds

Full Baths

Square Ft.

5,100

Lot Size

0.04 Acres

Year Built

1920

MLS Number

MDBA2145776

30 Days Snapshot Of 21230

+1%

(avg) sold price

+2%

homes sold

+45%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

5,100 sqft living area, 5,100 sqft above grade (finished), Built in 1920, Structure Type: Interior Row/Townhouse, 3 levels, Traditional, Brick

Cooling

Central Air, Electric, Central A/C

Garage

1 garage space

Heating

Natural Gas, Forced Air

Lot

1,845 sqft, Lot Size Dimensions: 15X123, 0.04 acres

Property

Other Structures: Above Grade, Below Grade

Sewer

Public Sewer

Taxes

City/Town Tax: $9,639, City/Town Tax Pymnt Freq: Annually, County Tax: $480, County Tax Pymnt Freq: Annually, Tax Annual Amount: $10,120, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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1014 S CHARLES STREET

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