Baltimore, MD 21217,1712 MADISON AVE
Baltimore, MD 21217,1712 MADISON AVE
Baltimore, MD 21217,1712 MADISON AVE
Baltimore, MD 21217,1712 MADISON AVE
Baltimore, MD 21217,1712 MADISON AVE
Baltimore, MD 21217,1712 MADISON AVE
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$475,000

$500,000

5.0%
Est.Price: ?

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Est. payment /mo

6,000 SqFt


SOLD DATE : 10/11/2023

Key Details

Sold Price $475,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $79

MLS Listing ID MDBA2090878

Sold Date 10/11/23

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,413

Tax Year 2019

Lot Size 2,520 Sqft

Acres 0.06

Property Description

Great 6 unit building one block from Bolton Hill with a ton of upside potential. 4 out of 6 units were recently renovated. An estimated solid 8% + cap rate property. All plumbing and electrical was updated in 2008, gas fed forced air units and hot water heater were replaced in 2021. Great unit mix; (2) 2 bedrooms, (1) 1 efficiency, and (3) 1-bedroom units. With separate meters the tenants pay all their own utilities, which makes this a great income generating property for the owner. 3 of the 6 units are currently on month-to-month leases. Recently enhanced units and common areas but there still room to improve. Possibility to increase property value/income by adding laundry and/or storage areas to the basement. Walking distance to Maryland Institute College of Art (MICA), one of the country's premier art schools, with an enrollment of 3,500. Other Nearby Colleges: University of Baltimore, Johns Hopkins University, Coppin State University, Baltimore City Community College. Nearby Development Projects: Madison Park North ($120M mixed-use redevelopment), Penn Station. ($90M mixed-use redevelopment)


Being sold as is.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Ceramic Tile, Laminated, Partially Carpeted, Vinyl

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Rubber

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0314130341 007

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Linda Min • Samson Properties
Bought with Stacey L Friedman • Cummings & Co. Realtors
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14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151

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