4,283 SqFt
4,283 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,283 sqft
Price per Sqft $49
Lot Size 2,614 Sqft
MLS Listing ID MDBA2186242
Style Traditional
Total Units 1
Short Sale No
Originating MLS BRIGHT
Property Description
This mixed-use building features two spacious residential apartments (3BR/1BA and 2BR/1BA) and three storefronts. The apartments are near completion but require final updates, while the storefronts are unfinished and ready for customization. This is an exceptional opportunity for investors or owner-operators to generate steady rental income or establish a business presence.
Before closing, and in accordance with receivership terms, the buyer must submit a renovation plan. The plan should outline proposed improvements and include a scope of work prepared by a licensed Maryland contractor, with a breakdown of repairs or upgrades needed to meet Use and Occupancy requirements, along with an estimated project timeline and budget.
The seller has obtained court approval allowing any buyer to update only the upper dwelling units within one year. The storefronts can be addressed at the buyer's discretion on their own timeline.
Buyers must also provide documentation confirming financial capacity to complete the work. Acceptable proof includes a bank verification letter, a financial statement, or an account summary showing sufficient funds to complete the renovation as described.
Location
State MD
County Baltimore City
Zoning 0R060
Rooms
Basement Daylight, Full
Interior
Hot Water None
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Other
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type On Street
Building
New Construction N
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Schools
School District Baltimore City Public Schools
Others
Tax Amount $3,687
Tax Year 2009
Tax ID 0309183952 024A
Ownership Fee Simple
SqFt Source 4283
Special Sale Standard
