$1,350,000
 $7,247 est/mo Sourced by Back At You

773 Washington Blvd , Baltimore, MD 21230

Baltimore, MD 21230

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Description

Must see pictures and separate 3-D walkthrough layout virtual tour! Property is actually 2 adjoining buildings 773-775 Washington Blvd. Both included in sale totaling (6) 1-br apartments, 2 retail store-front commercial spaces with C-1 zoning offering a huge variety of commercial retail business uses. And garage rented to long term upholstery company who would like to stay. Garage also has development rights to add 4 more residential units. Amazing building on picturesque classic tree-lined downtown Baltimore Street with brick sidewalks - Fully renovated inside and out mixed-use building. As I said, see the pictures, new everything inside from kitchens to bathrooms, windows, doors, separately controlled heat and a/c in each unit, flooring, paint, appliances including washer/dryer in each unit. All separately metered perfectly turnkey. Property is walking distance to restaurants, shopping, Inner Harbor, parks, all the downtown amenities, plus 1 block from I-95, 3 minutes to 295 - just a perfect location for any tenant and surrounded by lots of successful retail shops, curb appeal impeccable. This building will fill up fast and make for an amazing addition to any portfolio. Proforma available documenting 10% cap rate. But this location is really where the investment shows off. It is the 1st block of non high-rise commercial after downtown. Hospitals walking distance, so many employers, the new inner harbor development plan and all the jobs Baltimore is adding makes this the perfect investment at a price that gives a great cap rate. This is the one you have been waiting for!!! And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today! Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.

Details

MLS#MDBA2111668
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1900
Days On Site296
Listing Provided ByKarim Harried | Karim J. Harried

Features

SQ Feet7,192
ZoningC-1
Acreage0.08

Market Activity 21230

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Listings Checked: 8 minutes ago
StateMD
CountyBaltimore City
CityBaltimore
Zip Code21230
Community NameWashington Village
School DistrictBaltimore City Public Schools
Listing VS Median (in Washington Village)
Price:
$1,350,000
low | high
Med:
$189,900
100% of Average
SqFt:
7,192
low | high
Med:
1,973
100% of Average
$ / SqFt:
$188
low | high
Med:
$114
89.419299332119% of Average
On Site:
296
low | high
Med:
619.000000
47.819063004847% of Average
Sourced by Back At You
Listing Updated: August 14, 2024 at 7:18:52 AM PDT