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Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $161
MLS Listing ID MDBA2111870
Sold Date 08/12/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,113
Tax Year 2023
Lot Size 1,440 Sqft
Acres 0.03
Property Description
Incredibly Rare 5-Unit Corner Property. The owner loves this property, and the only reason for selling is to trade up into a larger building. An awesome cash-flowing investment opportunity adjacent to Charles Village at the intersection of Guilford and 25th Street. The property has great bones and recent owner upgrades in 2021, including HVAC, electric, plumbing, kitchens, bathrooms, flooring, fixtures, and painting, etc. This property shows exceptionally well and is easy to rent to happy tenants. The units are spread out over the four finished levels. The first two floors consist of a bi-level 2BD 2BA ($1400/m) and an efficiency unit last rented for $950/m. The 3rd floor contains two 1BD 1BA apartments with rents of $1,000/m and $1,050/m. The fourth floor is an awesome 1BA 1BA full-level unit with a large living space and a walk-out roof deck with gorgeous city views ($1,350/m). Three of the five units are presently occupied, and the seller has purposely kept the other two vacant as he explores shorter-term 4-6 month furnished rental options. Gross potential building income is $5,750+. The property is a ‘Walker's Paradise’ with a 92 walkability score. It is centrally located near Johns Hopkins University, Charles Village, lots of shopping, and restaurants in the Station North Arts and Entertainment District and Historic Charles Street thoroughfare. This will go quickly, and you simply must see this gem! Love it or Leave it with our 12-Month Buy It Back or Sell It for Free Guarantee!* Have a Home to Sell? Buy this Home, and We Will Buy Yours for Cash!* Schedule a Tour Today.
Location
State MD
County Baltimore City
Zoning OR-1*
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Ceramic Tile, Laminate Plank
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Roof Type Rubber,Flat
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312143827 023
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Carl Goran Olsson • Douglas Elliman of Metro DC, LLC - Bethesda