1044 Charles StBaltimore, MD 21230

This exceptional mixed-use property, located at 1044 S Charles St in Baltimore, MD's desirable Federal Hill neighborhood, presents a compelling value-add investment opportunity. The 7,747 square foot building, constructed in 1900 and boasting three stories, currently generates a NOI of $102,000 with a 6.38% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $165,351 and a 10.33% cap rate, reflecting substantial upside potential. The property is comprised of five units: a ground floor storefront currently leased to a liquor store with seven years remaining on a stable lease, and four residential apartment units above, all currently at 100% occupancy. This corner lot location offers exceptional visibility and accessibility, further enhancing the value of the commercial space. The strong rental demand in Federal Hill, coupled with the long-term lease and the potential for rental income growth in the residential units, makes this a highly attractive investment for those seeking both stability and significant appreciation. The asking price is $1,600,000, translating to $206.53 per square foot. This property offers a diversified income stream and a prime location in a thriving Baltimore neighborhood.