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Key Details
Sold Price $879,375
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,352 sqft
Price per Sqft $202
Subdivision Canton
MLS Listing ID MDBA2005166
Sold Date 10/26/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,025
Tax Year 2021
Lot Size 1 Sqft
Lot Dimensions unknown - not cited in tax record
Property Description
Incredible opportunity to own this completely renovated, 5 unit apartment building on The Square in Canton. Location, location! Minutes from the waterfront and several parks, this is sure to please any tenant. Two 2 bedroom/2 bath apartments each with own washer/dryer , and three 1 bedroom/1 bath efficiency apartments with access to washer/dryer in the basement. Live in the 2 bedroom/2 bath apartment which includes a parking pad and manage this building! Separately metered with 4 yr old HVAC, 4 yr old separate hot water heaters - 3 units rented with leases that convey with the purchase. All units have beautiful hardwood, exposed brick walls, granite countertops and most have stainless appliances. Tastefully renovated - interior stairs show the grandeur of the building. Central A/C. Gas hot water. Tenants pay all of their utilities/trash.
Current rate structure has potential to be increased. Annual income $72,600. NOI around 60K. 24 hour notice to show - agent or rep must accompany on showings. Some rents were reduced for Covid-19.
Fabulous investment opportunity - easy access and minutes to I-95! Walk to the waterfront and water taxi! Beautiful park and restaurants a block away. Stunning property in the heart of The Square in Canton!
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Electric
Heating Central
Cooling Central A/C, Ceiling Fan(s), Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
Accessibility Other
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0301111885 001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Mark Abrahams • Taylor Properties