Thank you
Karim J. Harried
Karim Harried
443-653-3390
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.
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Water Source : Public
Roof : Rubber
Rubber
Cooling: Central A/C,Ceiling Fan(s)
Heating: Hot Water
Cooling Fuel: Electric
Heating Fuel: Electric
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: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 3,300
Lot Size (Acres): 0.08
Architectural Style: Colonial
Main Square Feet: 3,300
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
Possession: Settlement
Days Of Market: 67
Annual Tax: $2,381
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $100,900
Road Frontage Length: 30
Roof: Rubber
Direction: I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.
School District: BALTIMORE CITY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Direction: I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.
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 |
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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.