1200 N Caroline St Baltimore, MD 21213
Property Features for 1200 N Caroline St
General Information
- Standard status
- Pending
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1900
Source:
Exitrealty
Listing Agency: ExecuHome Realty Listing Agent: Dimitrios Lynch
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Baltimore Multifamily Investment Opportunity
This multifamily property, combining 1200 & 1202 N Caroline St, is a corner building with nearly 10,000 sq. ft. The property features apartment layouts, cash flow, and equity potential. Constructed in a bygone era, the building includes a majestic entrance, custom millwork, and ceilings. The unit mix consists of eight two-bedroom units, two one-bedroom units, and two studios. Each unit is separately metered for gas and electric. The property has a diverse tenant base, including both market-rate tenants and Section 8 occupants, maintaining rents averaging approximately $1,000 per month. The gross annual rental income is $125,000. The owner has invested over $100,000 to stabilize the property. Situated on a 49ft by 159ft lot spanning from Caroline to Spring St, the property is adjacent to Madison Square Park, Recreation Center, and Playground, offering city views. It is located half a mile from John’s Hopkins Medical Campus, amidst the East Baltimore Development, featuring 1.7 million square feet of life sciences research and office space, educational institutions, green areas, grocery stores, and neighborhood amenities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5983992
- Latitude
- 39.3042639
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit multifamily property near Johns Hopkins Medical Campus.
Where is this apartment building located?
The property is located at 1200 N Caroline St Baltimore, MD.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Strong investment opportunity with an attractive 8.9% Cap Rate and potential to increase to 10+%.; - High gross annual rental income of $125,000 with potential for growth by raising rents.; - 12-unit multi-family property with a desirable mix of apartment layouts (8 two-bedroom, 2 one-bedroom, and 2 studio units).
