Address
311 Madison Street W, Baltimore, MD
Price
$ 1,199,000
Property Attributes
- MLS#MDBA2122612
- TypeCommercial
- CountyBALTIMORE CITY
- CityBaltimore
- Zip21201
- StyleApartment Building,Restaurant/Bar
- Year Built1948
- Taxes$ 6613
- Price$ 1,199,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6900
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
New Listing Alert! Turnkey mixed-use CASH COW available now! Zoned as an apartment hotel with six rentable units. Don't miss out on this lucrative deal! #RealEstate #InvestmentOpportunity #CashCow Professional pictures coming soon! The current tenants in place for this investment opportunity include a retail restaurant/lounge on the 1st level. The restaurant/lounge has a long-term lease in place, providing a stable source of income. Additionally, there are six rentable units that generate revenue through a hybrid income ratio split between Airbnb, long-term leases, and the restaurant. This diverse mix of tenants ensures multiple streams of income for the property.
| Price History | |
|---|---|
| 4/22/2024 | Listed $1,199,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C,Ceiling Fan(s) |
| Possession | Immediate,Negotiable |
| Zoning | COMMERCIAL/RESIDENTIAL |
| Construction Materials | Concrete |
| Exclusions | Call for details |
| Year Built | 1948 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building,Restaurant/Bar |
| Accessibility | None |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Transportation | Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile |
| Status | ACTIVE |
| Directions | GPS or across the street from University of Maryland Mid-town campus -hospital |
| ModificationTimestamp | 2024-04-22T15:21:18 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2 |
| Disclosures | Owner RE Licensee |
| Zoning Description | This is mixed use with a bar and several apartments |
| Lot Size Square Feet | 1742.00 |
| Tax Assessed Value | 280233.0 |
| Waterfront Y/N | No |
| Street Name | MADISON |
| Tax Annual Amount | 6613.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 173.77 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 9 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | Ward 11 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Turn-key apartments mostly furnished. Common laundry equipment |
| Type of Parking | On Street |
| Water View Y/N | No |
| Building Area Total | 6900.00 |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | City/County |
| 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 Commercial Average in 21201
Price
Taxes
Visits
Year Built
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