773 Washington Boulevard
Baltimore, MD, 21230
$
1,350,000
Bedrooms4
Baths0.0
Monthly Estimate*
$
8,973
for $1,350,000 with 4 bedrooms. This home was built in 1900 on a lot size of 0.08.
Must see pictures and separate 3-D walkthrough layout virtual tour! Property is actually 2 adjoining buildings 773-775 Washington Blvd. Both included in sale totaling (6) 1-br apartments, 2 retail store-front commercial spaces with C-1 zoning offering a huge variety of commercial retail business uses. And garage rented to long term upholstery company who would like to stay. Garage also has development rights to add 4 more residential units. Amazing building on picturesque classic tree-lined downtown Baltimore Street with brick sidewalks - Fully renovated inside and out mixed-use building. As I said, see the pictures, new everything inside from kitchens to bathrooms, windows, doors, separately controlled heat and a/c in each unit, flooring, paint, appliances including washer/dryer in each unit. All separately metered perfectly turnkey. Property is walking distance to restaurants, shopping, Inner Harbor, parks, all the downtown amenities, plus 1 block from I-95, 3 minutes to 295 - just a perfect location for any tenant and surrounded by lots of successful retail shops, curb appeal impeccable. This building will fill up fast and make for an amazing addition to any portfolio. Proforma available documenting 10% cap rate. But this location is really where the investment shows off. It is the 1st block of non high-rise commercial after downtown. Hospitals walking distance, so many employers, the new inner harbor development plan and all the jobs Baltimore is adding makes this the perfect investment at a price that gives a great cap rate. This is the one you have been waiting for!!!
And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today!
Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.
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Features
Interior
Heating Fuel
Electric
Hot Water
Electric
Heating Y/N
Y
Fireplace Y/N
N
Street Suffix
BOULEVARD
Central Air Y/N
Y
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General
Sewer
Public Sewer
Heating
Hot Water
Cooling
Central A/C
Ceiling Fan(s)
Possession
Settlement
Roof
Rubber
Zoning
C-1
Pool Y/N
No Pool
Architectural Style
Colonial
Construction Materials
Brick
Concrete
Year Built
1900
Electric
120/240V
Single Phase
Property SubType
Other
Tax Year
2023
Percent Ownership
Fee Simple
Cool Fuel
Electric
Municipality
Baltimore City
Section
13
Accessibility
32 + wide Doors
Entry Slope <1'
County
BALTIMORE CITY
New Construction
N
Property Type
Multi-Family
Subdivision Name
WASHINGTON VILLAGE
Garage Y/N
N
Water Access Y/N
N
Other Structures
Above Grade
Below Grade
Status
PENDING
Directions
I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.
City
BALTIMORE
Buyer Agent Compensation
2.5
Total Units
4
Lot Size Square Feet
3300.00
Waterfront Y/N
N
Street Name
WASHINGTON
Tax Annual Amount
2381.0
Property Condition
Excellent
Two Bedroom
0
Structure Type
Over Storefront
Price Per Sq Ft
219.16
Vacation Rental Y/N
N
Virtual Tour
https://youriguide.com/773_washington_blvd_baltimore_md/
Days on Market
67
Standard Status
Pending
Year Built Source
Assessor
Legal Subdivision
Ward 21
Tax Lot
009
Buyer Agent Compensation Type
% Of Gross
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Exterior
Water Source
Public
Type of Parking
On Street
Foundation Details
Slab
Water View Y/N
N
Lot Size Acres
0.08
Lot Size Units
Square Feet
Lot Size Source
Assessor
Road Responsibility
City/County
Land Assessed Value
59400.00
Navigable Water Y/N
N
Water Oriented Y/N
N
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* Excluded Features
List By
karimharried@gmail.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $8,973
- Monthly Property Taxes
- $198
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Multi-family listings in Baltimore, MD
Average List Price
$423,071
Percent of Sale Price
69%
About Baltimore, MD
611,326
Population
-6%
Since 2002
$
46,538
Median Income
36.71
Median Age
22%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3533253
Elementary School
3533153
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
1/21/2024
|
$1,350,000
|
|
Listed Price
|