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
See all 68 photos

$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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