2,483 Sqft Lot
2,483 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID MDBA2186246
Year Built 1920
Annual Tax Amount $1,075
Tax Year 2024
Lot Size 2,483 Sqft
Acres 0.06
Property Sub-Type Mixed Use
Source 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 R-6
Interior
Hot Water None
Heating Forced Air
Cooling Window Unit(s)
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0309183952 024A
Ownership Fee Simple
Special Listing Condition Standard
Realtor Licensed in MD & PA | License ID: 593538
+1(410) 967-8226 | rachelsturmrealestate@gmail.com