1712 Madison Avenue

    BALTIMORE, MD 21217
    • $359,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: MDBA492726
    UPDATED: 2 min ago
    $359,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Price Reduced! Opportunity Zone Property! Great 6 unit building one block from Bolton Hill. Here~s a multi unit that makes sense and has a ton of upside potential. Could transition to student housing for MICA, or a higher quality update for increased rental revenue . A solid 8% cap rate property. All plumbing and electrical was updated in 2008, new gas fed forced air units replaced in the last two years. Great unit mix; (2) 2 bedrooms, (1) 1 efficiency, and (3) 1 bedroom units. Tenants pay all their own utilities, which makes this a great income generating property for the owner. Look at the area, just two blocks from Bolton Hill, with condo projects going up all around this property. This property will yield great positive cash, these type of deals don~t come around often. Please only serious, qualified investors.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-02-27T23:53:15.06.
    www.therifflegroup.com/homes/101237526

    1712 Madison Avenue BALTIMORE, MD 21217

    • Price: $359,000
    • Status: Active
    • Updated: 2 min ago
    • ID#: MDBA492726
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1920
    Built
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    Price Reduced! Opportunity Zone Property! Great 6 unit building one block from Bolton Hill. Here~s a multi unit that makes sense and has a ton of upside potential. Could transition to student housing for MICA, or a higher quality update for increased rental revenue . A solid 8% cap rate property. All plumbing and electrical was updated in 2008, new gas fed forced air units replaced in the last two years. Great unit mix; (2) 2 bedrooms, (1) 1 efficiency, and (3) 1 bedroom units. Tenants pay all their own utilities, which makes this a great income generating property for the owner. Look at the area, just two blocks from Bolton Hill, with condo projects going up all around this property. This property will yield great positive cash, these type of deals don~t come around often. Please only serious, qualified investors.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 7182.00 Cooling None Flooring Ceramic TileLaminatedPartially CarpetedVinyl Heating Forced Air Heating YN Yes Inclusions Any And All Fixtures To include Appliances Net Square Feet 6000.00

    Property Features

    Accessibility Features None Assessment Year 2019 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 302164785806 Ownership Interest Fee Simple Possession Coin W/Sell Sett Property Sub Type Five Or More Units Sale Type Standard Section 13 Sewer Public Sewer Tax Annual Amount 4413.00 Tax Assessment Amount 187000.00 Tax Lot 007 Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning R-7

    Listing courtesy of Real Estate Professionals, Inc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-02-27T23:53:15.06.
     
    The Riffle Group of Keller Williams Select Realtors
    1997 Annapolis Exchange Parkway, Suite 500
    Annapolis MD, 21401