$675,000
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1400-1402 Madison Avenue Baltimore, MD 21217 Municipality: Baltimore City
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
4,200
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Located on an oversized corner lot between Upton and Bolton Hill, this 4200+ SQFT 7-unit apartment complex features 5 updated 1 BD / 1 BA units, 1 updated 2 BD / 1 BA unit, and 1 1 BD / 1 BA unit to be turned over (est 20k). Two of the 1 BD / 1 BA units have dedicated entrances with one ADA. Separat...ely metered. Owner responsible for common area electric, water and trash. Professionally managed at 10% with ABLE Capital. Gross scheduled $87,000. Annual trash $4400. Annual insurance $4600. Water avg $250/mo. Garage month-to-month at $200, can be conveyed vacant. Current ownership is in the process of turning over building which presents a unique opportunity for an incoming buyer to add value, stabilize the property, and determine tenancy. Both third floor units rented to long-term tenants for $1,050 and $1,100 respectively. Remaining 5 units have been vacated.
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MLS#
MDBA2127228
Property Type
Multi-Family
Year Built
1920
Square Feet
4,200
sq. ft
Price per Sq. Ft.
$213.07
Sewer
Public Sewer
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