111 CHARLES ST
About This Property
Located in the heart of the Historic District this 3 BR | 2 BA Row Home has been thoughtfully cared for, renovated throughout while maintaining its original charm and character. Certainly one of the prettiest homes on popular Charles Street!
Built in 1880 with Historic Plaque designation and features gate and alley access to the charming rear brick patio, gardens and separate shed that can be transformed into a studio or entertainment area. Other features include welcoming front porch, original wide pine floors, two staircases, upgraded Kitchen with exposed brick, tons of cabinetry, recessed lighting, room for large table and chairs, stainless appliances and Corian countertops. The Mud/Laundry Room addition with full Bath offers additional storage and French doors to patio keeping your entertaining limited to one area. Formal Living Room in front and interior Family Room can be converted to formal Dining Room if preferred. Easy walk to Main Street, City Dock, USNA attractions, waterfront parks & West Street festivities! Late May settlement preferred by sellers.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017