773 WASHINGTON BLVD, Baltimore, MD 21230 – MDBA2111668

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Raymond Brophy

livethedreamhomes@gmail.com +1(609) 798-1645

$1,350,000

Est. payment - /mo

6,160 SqFt

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UPDATED:

08/14/2024 09:58 AM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 6,160 sqft

Price per Sqft $219

Subdivision Washington Village

MLS Listing ID MDBA2111668

Style Colonial

Abv Grd Liv Area 6,160

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,381

Tax Year 2023

Lot Size 3,300 Sqft

Acres 0.08

Property Description

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.

Location

State MD

County Baltimore City

Zoning C-1

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C, Ceiling Fan(s)

Fireplace N

Heat Source Electric

Exterior

Water Access N

Roof Type Rubber

Accessibility 32\"+ wide Doors, Entry Slope <1'

Road Frontage City/County

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0321130852 009

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Karim J. Harried • Excellence Realty

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Raymond Brophy

+1(609) 798-1645

VP of Residential Real Estate | License ID: 1120051

VP of Residential Real Estate License ID: 1120051

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