Incredible opportunity to own this newly rehabbed and converted legally-zoned 5 unit multifamily property with R6 Zoning. Building features & amenities include: full building sprinkler system, gated paved and lined parking lot, abundant street parking, common area conference/business center, coin laundry, self-contained units, rear decks, and large walk-out lower level storage / common area. Approx 5,200 sf of income production potential. Unit descriptions: Unit 1: 2br 1ba main floor. Unit 2: 2br 1ba upper floor. Unit 3: 1br 1ba main floor. Unit 4: 1br 1 ba upper floor. Unit 5: 1 br 1ba Lower-level walk-out 900+ sf large enough to add a second bedroom. All units delivered vacant allowing new owner full control over income and tenant selection. The rehab and conversion of the building is brand new and current owner is working on final sign-off and U&O Certificate. Additional potential income upside over and above the base rent: Parking space rental, business center rental, coin laundry income, large lower-level common area rental, and storage locker rental. Large roofline allows an investor the potential to jump on the solar installation bandwagon and sell to the grid or to the tenants. Conveniently located, occupants are a quick walk from the Mondawmin transit plaza, providing quick access to the city via metro subway and local buses. The Mondawmin Mall and The Village at Mondawmin Community center, a three-story complex with over 100 specialty stores and a large grocery store serves the immediate neighborhood. Liberty Road is lined with booming retail. Druid Hill Park, a 745-acre oasis and home to the Maryland Zoo and Rawlings Conservatory & Botanical Gardens, is just a 7-minute walk from the property. Straight shot to I-695 via liberty road, and a short commute to I-83 and Downtown Baltimore, giving tenants opportune access to major employment, transport, education, recreation, shopping, and medical. * Photos of Completely Update Basement Unit Coming Soon*
Being just around the corner from Baltimore's famous Pimlico Racecourse, not only can you bet on the horses, but you can bet on this Baltimore detached multi-unit being a fantastic opportunity! From it's stone foundation to it's second story balcony, this one is fun from top to bottom. Live in the top. Rehab the bottom. Live in the bottom. Rehab the top. Rehab the entire thing and live large - just like the lot it sets on. This two unit could add BIG to your rental portfolio OR you could keep it for yourself. Either way, be a part of the renaissance that is coming to the Pimlico area. Google Pimlico Racecourse and SEE the excitement. Get in while you can! SEE IT TODAY! Owner Occupied offers will be prioritized , HUD's first look period applies for the first 30 days.
REDUCED! Immediate Rare Incoming Producing Opportunity! Discover this charming multifamily home conveniently located within walking distance of local shops, public transportation, parks, and schools, this property offers tenants a unique blend of comfort, functionality, and investment potential. This beautifully maintained property boasts 4 units (Unit 1 has 1 Bedroom, Unit 2 has 2 bedrooms, Unit 3 has 2 bedrooms, and unit 4 has 2 bedrooms). 1-$1000, 2-$1000, 3-$900 & 4-$1200 vacate/previously rented for $1600/month), each featuring spacious layouts and modern amenities, making it perfect for both owner-occupants and savvy investors. Numerous updates have been made, including renovated kitchens/bathrooms, some energy-efficient windows, etc. ensuring low maintenance and tenant satisfaction.
NOT AN AUCTION, NOT A FORECLOSURE, NOT A SHORT SALE---Two units in an ideal location. One unit has a bedroom, kitchen, and full bath on main level and potential for more in lower level. Potential rents - $700- $900. Second unit is 2nd floor with 3 bedrooms and a kitchen and full bath. Potential rents $1100- $1200. Cap rate works! Separately metered and separate furnaces and water heaters.
The median home value in Baltimore, MD is $180,200. This is higher than the county median home value of $177,100. The national median home value is $338,100. The average price of homes sold in Baltimore, MD is $180,200. Approximately 39.96% of Baltimore homes are owned, compared to 43.41% rented, while 16.62% are vacant. Baltimore real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Baltimore real estate agent to arrange a tour today!
Baltimore, Maryland 21215 has a population of 592,211. Baltimore 21215 is more family-centric than the surrounding county with 19.18% of the households containing married families with children. The county average for households married with children is 18.62%.
The median household income in Baltimore, Maryland 21215 is $54,124. The median household income for the surrounding county is $54,124 compared to the national median of $69,021. The median age of people living in Baltimore 21215 is 35.7 years.
The average high temperature in July is 88.1 degrees, with an average low temperature in January of 27.4 degrees. The average rainfall is approximately 42.3 inches per year, with 18.5 inches of snow per year.