FIRE SALE 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour.
The property has drawings, permit set ready to go! Estimates can be sent (600k estimate in writing done). Water flow test already done. The property has a tax credit over the course of 10 years already approved, locking in a $300k value of property tax. There is a great tenant lined up at 17k a month starting the day construction is complete almost triple net. Tenant pays all expenses except the low taxes.
Insane high % cap rate and much of the legwork completed for a lucky investor.
The building has been newly renovated (completed in 2006), now vacant and gutted ready to be built with your already approved drawings. Features over 9'6" ceiling height with clear span area on each floor, front and rear staircases, new roof 2005 along with roofing.
*Cross-posted MLS# MDBA2097820
Property Type :
Multi-Family
County :
BALTIMORE CITY
Style :
Multi-Family
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ByOwner last updated this listing 04/29/2024 @ 16:53
MLS: MDBA2099372
LISTED BY: Sarah K Martinez , Real Broker, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
