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38-40 E 25th St 7 Unit Apartment Building $1,326,124 CAD ($189,446 CAD/Unit) 6.55% Cap Rate Baltimore, MD 21218
INVESTMENT HIGHLIGHTS
- 2 buildings on prime corner in Charles Village
- Highly visible corner on 2 busy thoroughfares
- 7 unit Mixed use Building
- Commercial space includes former liquor store, bar and large eat-in deli.
- Most apartments are 2 Bedrooms with 2 full bathrooms
EXECUTIVE SUMMARY
7- Self-contained units. Two large attached mixed-use buildings on a prime corner in Charles Village. Untapped further potential in commercial spaces. additional retail/office spaces can be added to the lower level
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$125,800
|
$12.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$314
|
$0.03
|
| Effective Gross Income |
$125,486
|
$12.84
|
| Taxes |
$26,820
|
$2.74
|
| Operating Expenses |
$7,343
|
$0.75
|
| Total Expenses |
$34,162
|
$3.49
|
| Net Operating Income |
$91,324
|
$9.34
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $125,800 |
| Annual Per SF | $12.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $314 |
| Annual Per SF | $0.03 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $125,486 |
| Annual Per SF | $12.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,820 |
| Annual Per SF | $2.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,343 |
| Annual Per SF | $0.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,162 |
| Annual Per SF | $3.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,324 |
| Annual Per SF | $9.34 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Bay Window
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Breakfast Nook
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | $1,466 CAD | 1,200 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 3831-034 | Total Assessment | $1,300,479 CAD (2025) |
| Land Assessment | $248,238 CAD (2025) | Annual Taxes | $26,820 CAD ($2.74 CAD/SF) |
| Improvements Assessment | $1,052,241 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
3831-034
Land Assessment
$248,238 CAD (2025)
Improvements Assessment
$1,052,241 CAD (2025)
Total Assessment
$1,300,479 CAD (2025)
Annual Taxes
$26,820 CAD ($2.74 CAD/SF)
Tax Year
2023
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38-40 E 25th St
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