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27867063
27867065

18 W Franklin St., Baltimore, MD 21201 For Sale

Samson Properties
Listed by Samson Properties
$950,000
264 days on market
Updated 107 days ago

18 W Franklin St.

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,966
Units 6
Cap Rate 8.55%
NOI $81,237
Occupancy 100%
Price per SqFt $87
Broker Co-Op Yes
Year Built 1820
Stories 4
Zoning C-5HT

Multifamily | 6 Units | $158,333/unit

Marketing description

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 residential and commercial spaces, 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!

Listing Contacts

Samson Properties
Listed by Samson Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,237.00
$6,769.75/mo

Valuation Metrics

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DSCR
8.55%
Cap Rate
8.55%
ROI

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Additional Information

Name
Frantz Derenoncourt
License
00001
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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