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1101 W Baltimore Street

BALTIMORE, MD 21223
  • $380,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: MDBA2044298
UPDATED: 191 min ago
$380,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

What makes this mixed use investment property special?A prime opportunity to own a recently renovated, well maintained 4 unit mixed use investment property in a great location. The property sits one block from the rejunvenated Hollins Market, 3 blocks from the rapidly expanding UMB BioPark and a short walk to University of Maryland+GGs 5 graduate schools. The property sets up well for an owner-occupant, live in one unit and let the other units pay your mortgage. Check out our +G+ House Hacking+G- discussion to learn more about the advantages of owner-occupied property investing.Property details:The property makeup is one retail unit, one 1 bedroom, 1 bath apartment and two 2 bedroom, 1 bath apartments. The large open retail space is occupied by a long tenured hair stylist business. The space is accented by exposed brick and hardwood floors. The one bedroom apartment has a metal spiral staircase conecting three levels: a bedroom and bath on the second floor, kitchen/ living space on first floor and additional living space on the basement level. The second and third floors of the property each have a self contained 900 sq. ft., 2 bedroom, 1 bathroom apartment. The spacious, recently rehabbed apartments have full kitchens with bright adjacent living space. The kitchens have 30 +G- electric ranges, refrigerators, disposals, granite countertops and wooden cabinets. The bathrooms have large modern vanities, ceramic tile floors and tubs with ceramic surround. The apartments are enhanced with abundant natural light and bright wood floors. Both apartments have in unit stacked washer/dryer.Who pays what utilities?The physical plant of 1101 W Baltimore is in great shape. The property uses all electric for utilities. All units are seperately metered with 100 amp electric panels in each unit making it easy for tenants to pay their own utilities. Each unit has its own electric heat pump and central air conditioning. Three of the heat pumps and A/C units were replaced within the last 2 years giving the investor low maitanance costs going forward. All units have their own 40 gallon electric hot water heater. All door locks are keypad making tenant turn over a breeze. The property has a 2+G- copper water main coming in from the street. The current landlord pays for water which could be billed back to the tenants to increase investor returns. The windows in this corner building are all vinyl replacement.What+GGs nearby?The location of 1101 W. Baltimore is great. The location garners a Walk Score of 91, a walkers paradise, daily errands do not require a car. Located on the corner of well-light tree lined street with a Charm City Circulator (orange) stop directly in front of building. 1 block from the Hollins Market, 3 blocks from BioPark/UMB/UMMC/V.A hospital, walking distance to University of Maryland+GGs 5 graduate schools, Inner Harbor, Camden Yards, M&T Bank Stadium, performance theaters and restaurants. 1 mile to all major highways I-95,I-295, I-83 & route 40.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jennifer Mack Properties | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-16T23:50:55.413.
www.jennifermackproperties.com/homes/128491464
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1101 W Baltimore Street BALTIMORE, MD 21223

  • Price: $380,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 191 min ago
  • ID#: MDBA2044298
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1890
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
What makes this mixed use investment property special?A prime opportunity to own a recently renovated, well maintained 4 unit mixed use investment property in a great location. The property sits one block from the rejunvenated Hollins Market, 3 blocks from the rapidly expanding UMB BioPark and a short walk to University of Maryland+GGs 5 graduate schools. The property sets up well for an owner-occupant, live in one unit and let the other units pay your mortgage. Check out our +G+ House Hacking+G- discussion to learn more about the advantages of owner-occupied property investing.Property details:The property makeup is one retail unit, one 1 bedroom, 1 bath apartment and two 2 bedroom, 1 bath apartments. The large open retail space is occupied by a long tenured hair stylist business. The space is accented by exposed brick and hardwood floors. The one bedroom apartment has a metal spiral staircase conecting three levels: a bedroom and bath on the second floor, kitchen/ living space on first floor and additional living space on the basement level. The second and third floors of the property each have a self contained 900 sq. ft., 2 bedroom, 1 bathroom apartment. The spacious, recently rehabbed apartments have full kitchens with bright adjacent living space. The kitchens have 30 +G- electric ranges, refrigerators, disposals, granite countertops and wooden cabinets. The bathrooms have large modern vanities, ceramic tile floors and tubs with ceramic surround. The apartments are enhanced with abundant natural light and bright wood floors. Both apartments have in unit stacked washer/dryer.Who pays what utilities?The physical plant of 1101 W Baltimore is in great shape. The property uses all electric for utilities. All units are seperately metered with 100 amp electric panels in each unit making it easy for tenants to pay their own utilities. Each unit has its own electric heat pump and central air conditioning. Three of the heat pumps and A/C units were replaced within the last 2 years giving the investor low maitanance costs going forward. All units have their own 40 gallon electric hot water heater. All door locks are keypad making tenant turn over a breeze. The property has a 2+G- copper water main coming in from the street. The current landlord pays for water which could be billed back to the tenants to increase investor returns. The windows in this corner building are all vinyl replacement.What+GGs nearby?The location of 1101 W. Baltimore is great. The location garners a Walk Score of 91, a walkers paradise, daily errands do not require a car. Located on the corner of well-light tree lined street with a Charm City Circulator (orange) stop directly in front of building. 1 block from the Hollins Market, 3 blocks from BioPark/UMB/UMMC/V.A hospital, walking distance to University of Maryland+GGs 5 graduate schools, Inner Harbor, Camden Yards, M&T Bank Stadium, performance theaters and restaurants. 1 mile to all major highways I-95,I-295, I-83 & route 40.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2800.00 Cooling Central A/C Heating Hot Water Heating YN Yes Net Square Feet 2800.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Hair Salon And Spa Central Air YN Yes Cooling Fuel Electric Gross Income 34500.00 Heating Fuel Electric Hot Water Electric Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801547890954 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5400.00 Tax Assessment Amount 231600.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning C-2

Listing courtesy of Ben Frederick Realty, Inc..


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jennifer Mack Properties | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-16T23:50:55.413.
 
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