Description
Old Goucher is a hot and up and coming neighborhood. This mixed use property is a unique opportunity with major renovation/conversion completed in 2021, 7 units, combined residential and commercial, that allows for a variety of uses and tenant types, zoned C1, Enterprise Zone property tax credits available for about three more years (as a result, taxes are low for the building size and value at $5,500 approx. per year), Sprinkler and fire alarmed residential units, which allows for the possibility for institutional or government-funded tenant programs like master leasing for group, rehab, or other kinds of housing, In a SBA HUBZone, so allows for a government contractor with an office in the building to be eligible for HUBZone set-aside funding for government contracts. 2 of 3 commercial leases are currently month to month to allow for this possibility of an owner occupant, but both tenants would be willing to sign long term leases as well. Upgraded 2.5" water meter allows for the possibility of a heavier commercial use (such as a restaurant or bar) in basement unit , 4 parking spaces in the rear and secure alley gate minimizing pedestrian traffic 1R commercial space on first floor could be converted later to a 1 BR apartment or used for day use office/studio space, New separate electric meters for unitsNew HVAC system for each unit in the main building, each replaced since 2020. Terrace HVAC about 7 years old , New roof in 2020, New water heater for each residential unit , New appliances for each residential unit , All floors have been redone in the past few years , New unit plumbing, Historic details maintained including antique heart pine floors.
Description
Old Goucher is a hot and up and coming neighborhood. This mixed use property is a unique opportunity with major renovation/conversion completed in 2021, 7 units, combined residential and commercial, that allows for a variety of uses and tenant types, zoned C1, Enterprise Zone property tax credits available for about three more years (as a result, taxes are low for the building size and value at $5,500 approx. per year), Sprinkler and fire alarmed residential units, which allows for the possibility for institutional or government-funded tenant programs like master leasing for group, rehab, or other kinds of housing, In a SBA HUBZone, so allows for a government contractor with an office in the building to be eligible for HUBZone set-aside funding for government contracts. 2 of 3 commercial leases are currently month to month to allow for this possibility of an owner occupant, but both tenants would be willing to sign long term leases as well. Upgraded 2.5" water meter allows for the possibility of a heavier commercial use (such as a restaurant or bar) in basement unit , 4 parking spaces in the rear and secure alley gate minimizing pedestrian traffic 1R commercial space on first floor could be converted later to a 1 BR apartment or used for day use office/studio space, New separate electric meters for unitsNew HVAC system for each unit in the main building, each replaced since 2020. Terrace HVAC about 7 years old , New roof in 2020, New water heater for each residential unit , New appliances for each residential unit , All floors have been redone in the past few years , New unit plumbing, Historic details maintained including antique heart pine floors.
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