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18 W Franklin St 9,762 SF Office Building Baltimore, MD 21201 $1,298,745 CAD ($133.04 CAD/SF) 8.22% Cap Rate
Executive Summary
Exceptional investment opportunity in the heart of Mount Vernon! This fully occupied six-unit mixed-use building generates over $119,000 in annual income and features great long-term tenants who wish to stay. Ideally located in one of Baltimore’s most historic and vibrant neighborhoods, the property combines 5 residential apartments and 1 commercial space, offering strong cash flow and stability. The building has been thoughfully updated adding modern finishes while keeping it's historic integrity. 18 W Franklin St. features 3 residential units and 1 commercial unit. Fully leased, with great tenants. 7 W Hamilton features an amazing 3 bedroom loft apartment with garage and a very cute 1 bed courtyard apartment, both leased to amazing tenants. Additional highlights include a beautiful courtyard, classic Mount Vernon charm, and close proximity to restaurants, shops, and public transportation. Roof and gutters were replaced in 2016. A perfect turnkey investment in a premier city location!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,762 SF
Building Class
C
Year Built/Renovated
1820/2016
Price
$1,298,745 CAD
Price Per SF
$133.04 CAD
Cap Rate
8.22%
NOI
$106,771 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
811 SF
Slab To Slab
10’
Building FAR
2.40
Lot Size
0.09 AC
Zoning
C-5HT
Parking
5 Spaces (0.51 Spaces per 1,000 SF Leased)
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0551-003 | Improvements Assessment | $623,197 CAD |
| Land Assessment | $207,180 CAD | Total Assessment | $830,377 CAD |
Property Taxes
Parcel Number
0551-003
Land Assessment
$207,180 CAD
Improvements Assessment
$623,197 CAD
Total Assessment
$830,377 CAD
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18 W Franklin St
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