• 773 Washington Boulevard BALTIMORE, MD 21230

  • $1,350,000
  • 0
    Bed(s)
  • 0
    Baths
  • 6,160
    Sq Ft
  • 3300
    Sqft

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.

Property Type :

Multi-Family

Subdivision :

Washington Village

County :

BALTIMORE CITY

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Rubber

Roofing Information

Rubber

Heating & Cooling

Cooling: Central A/C,Ceiling Fan(s)

Heating: Hot Water

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Year Built: 1900

Structure: Over Storefront

New Construction: No

Total Units: 4

Built: 1900

Construction Material: Brick,Concrete

Roof: Rubber

Foundation/Basement: Slab

Architecture: Colonial

Pool/Private: No Pool

Roof Type: Rubber

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 3,300

Lot Size (Acres): 0.08

Architectural Style: Colonial

Main Square Feet: 3,300

Property Information

SQ ft: 7,192

SQ ft (Living Area): 6,160

Total Lot SQ ft: 3,300

Subdivision: WASHINGTON VILLAGE

Total Acreage: 0.08

New Construction: No

Type: Colonial

Listing Information

Possession: Settlement

Days Of Market: 67

Tax Information

Annual Tax: $2,381

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Settlement

Assessment Information

Taxes Assessment Amount: $100,900

Virtual Tour

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Road Frontage Length: 30

Roof: Rubber

Homeowners Association Information

Direction: I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.

School Information

School District: BALTIMORE CITY PUBLIC SCHOOLS

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Direction: I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
100 Harborview Drive #.., Baltimore, MD,21230 $3,900,000 5 5.5 5,437 --
1335 Ward Street , Baltimore, MD,21230 $135,000 3 1.5 960 960 Sqft
1533 Belt Street , Baltimore, MD,21230 $699,000 -- 2.0 3,552 3840 Sqft
1123 Washington Bouleva.., Baltimore, MD,21230 $110,000 2 1.0 812 --
1401 S Hanover Street , Baltimore, MD,21230 $719,900 4 4.0 2,040 871.2 Sqft
801 Key Highway #T-11, Baltimore, MD,21230 $1,800,000 2 2.5 2,958 --
1703 - 1707 1/2 Spence .., Baltimore, MD,21230 $55,000 -- -- 10,080 10080 Sqft
2350 Sidney Avenue , Baltimore, MD,21230 $127,900 3 2.0 1,120 1148 Sqft
2348 Sidney Avenue , Baltimore, MD,21230 $115,700 3 1.0 1,120 1148 Sqft
2318 Annapolis Road , Baltimore, MD,21230 $92,500 2 1.0 1,029 1140 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/02/2024 @ 05:16

MLS: MDBA2111668
LISTED BY: Karim J. Harried , Karim Harried
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
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.

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