$2,375,000
$2,550,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
38,856 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $2,375,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 38,856 sqft
Price per Sqft $61
Subdivision Mount Holly
MLS Listing ID MDBA2116046
Sold Date 10/31/24
Originating Board BRIGHT
Year Built 1969
Annual Tax Amount $39,276
Tax Year 2024
Lot Size 0.882 Acres
Acres 0.88
Property Description
Improved by a 38,856+/- SF multifamily apartment building on a 0.88+/- Acre Lot. The building is configured as 34 residential apartment units. Currently 32 of the units are vacant with last 2 currently scheduled for move out through cash for keys and/or eviction. It is expected to be fully vacant by closing. There are 8 one bedroom units, 25 two bedroom units and 1 three bedroom units. 16 of the units have recently been renovated, many of them having full gut out renovations. The property is zoned R5 (Rowhouse and Multi-Family Residential Zoning District). Each unit contains it's own HVAC system. Some renovations to many of the units include full gutout including appliances, bathrooms, flooring, paint, cabinets and more! **Potential Gross Monthly Rent of $40,305** **Potential Gross Annual Rent of $483,660**
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 34.0
Water Access N
Accessibility None
Total Parking Spaces 34
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315293038 001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Gavriel Khoshkheraman • Pickwick Realty