$350,000
$425,000
17.6%For more information regarding the value of a property, please contact us for a free consultation.
7,560 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $46
Subdivision Madison Park Historic District
MLS Listing ID MDBA2105486
Sold Date 05/15/24
Style Federal,Traditional
Abv Grd Liv Area 7,560
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,253
Tax Year 2023
Property Description
The property has 6 residential units and one retail space.
No tenants at the moment.
Diverse unit layout: Includes 4 two-bedroom, one-bathroom apartments, 1 one-bedroom unit, and 1 four-bedroom apartment, with potential for improvement.
Commercial spaces: The first is ideal for a deli or take-out shop, while the second suits a church or community center.
Multiple income streams: Combined residential and commercial units ensure stable cash flow.
Ample street parking and easy access to transportation routes.
The mixed-use 7-unit property located at 1700 Madison in the 21217 zip code, near MICA (Maryland Institute College of Art),
presents an excellent investment opportunity for those looking to expand their real estate portfolio. The property is comprised
of both residential and commercial units, allowing for multiple streams of income. MICA alumni, known for their creativity and
success, contribute to the vibrant community surrounding this property.
The vacant units provide significant potential for increased revenue through renovation and leasing efforts.
Location
State MD
County Baltimore City
Zoning R-7
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Other
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Federal, Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0314130341 001
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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