1014 S Charles St, Baltimore, MD 21230

ONLINE AUCTION: Bidding Begins 12/11/24 @ 10:00 AM, bidding ends 12/13/24 at 11:30 AM. 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 of 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. 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 approximately 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 be 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: Approximately $11,000 per month, including the commercial space.