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Charles C. Heyward, Jr.

charles@heywardhomes.com +1(240) 604-9639

Listed by Larry Lessin • Save 6, Incorporated

$ 2,200,000

Est. payment | -/mo

7,170 Sqft Lot

Save

$ 2,200,000

Est. payment | -/mo

Save

7,170 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2219630

Year Built 1935

Annual Tax Amount $54,825

Tax Year 2025

Lot Size 7,170 Sqft

Acres 0.16

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Only 39.5k per unit! listed below assessed value-of $2.3 million.. 48 unit multifamily apartment building with large upside potential. Renovated in 1994, ready for another modest facelift. Desirable location with good access shopping and conveniences. Five story building has handicap lift, elevator, community room, rental office, laudry room, two stairwell emergency exits that both allow access to all floors. Secure building with central chiller, central boiler heat. 48 One bedroom aparyments , 18 units occupied and 30 vacant. one apartment was recently remodelled to be used as rental model . pics attached. All units are 1br, they vary slightlyin layout and have approximately 480 to 500 sq ft in area. Cookie cutted modest rehab can quickly bring top rents. Seller has updated one unit as model. stainless steel appliances (fridge, range, disposal,sink)...new cabinetry ...quartz island bar,new hardwood floors,new bath vanity, new kitchen pics are in the listing. Possible Fifty thousan dollar plus rents per mo ($50,000/month) with nice rehab...
Great opportunity -- don't delay !

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Electric, Natural Gas

Heating Convector, Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Rubber,Other

Street Surface Concrete,Paved

Accessibility Other, 48\"+ Halls, Elevator, Chairlift

Road Frontage City/County

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0314040311 001

Ownership Fee Simple

Security Features Fire Detection System,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 604-9639

charles@heywardhomes.com

16701 Melford Blvd, Ste 100, Bowie, MD, 20715

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342 BLOOM ST Baltimore, MD 21217