Address
773 Washington Boulevard, Baltimore, MD
Price
$ 1,350,000
Property Attributes
- MLS#MDBA2111668
- TypePending
- CountyBALTIMORE CITY
- CityBaltimore
- NeighborhoodWashington Village
- Zip21230
- StyleColonial
- Year Built1900
- Taxes$ 2381
- Price$ 1,350,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,485 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 1/21/2024 | Listed $1,350,000 |
General Features
| 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 |
| Section | 13 |
| Accessibility | 32 + wide Doors,Entry Slope |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | WASHINGTON VILLAGE |
| Garage Y/N | No |
| Water Access Y/N | No |
| 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. |
| ModificationTimestamp | 2024-04-02T10:09:45 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2.5 |
| Total Units | 4 |
| Lot Size Square Feet | 3300.00 |
| Tax Assessed Value | 100900.0 |
| Waterfront Y/N | No |
| Street Name | WASHINGTON |
| Tax Annual Amount | 2381.0 |
| Property Condition | Excellent |
| Structure Type | Over Storefront |
| One Bedroom Units Count | 4 |
| Price Per Sq Ft | 219.16 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://youriguide.com/773_washington_blvd_baltimore_md/ |
| Total SQFT | 7192 |
| Days on Market | 67 |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Legal Subdivision | Ward 21 |
| Tax Lot | 009 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | BOULEVARD |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | C |
| Foundation Details | Slab |
| Water View Y/N | No |
| Lot Size Acres | 0.08 |
| Road Frontage Length | 30 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Road Responsibility | City/County |
| Land Assessed Value | 59400.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 21230
Price
Taxes
Visits
Year Built
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