Address
311 Madison Street, Baltimore, MD
Price
$ 1,199,000
Property Attributes
- MLS#MDBA2122616
- TypeMulti-Family
- CountyBALTIMORE CITY
- CityBaltimore
- Zip21201
- StyleTraditional
- Year Built1948
- Taxes$ 6613
- Price$ 1,199,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,614 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. THIS IS A COMMERCIAL BUILDING WITH HUGE redevelopment potential on a CONER LOT!!! 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. SOLD AS IS
| Price History | |
|---|---|
| 4/23/2024 | Listed $1,199,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C,Ceiling Fan(s) |
| Possession | Negotiable,Immediate |
| Roof | Rubber |
| Zoning | 4-1 |
| Pool Y/N | No Pool |
| Architectural Style | Traditional |
| Construction Materials | Concrete |
| Exclusions | Call for details |
| Year Built | 1948 |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade |
| 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 | 2024-04-23T15:37:51 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2 |
| Disclosures | Owner RE Licensee |
| Total Units | 4 |
| Lot Size Square Feet | 2744.00 |
| Tax Assessed Value | 258800.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 7 |
| Street Name | MADISON |
| Tax Annual Amount | 6613.0 |
| Property Condition | Very Good |
| Structure Type | Other |
| Single Room Units Count | 2 |
| One Bedroom Units Count | 4 |
| Price Per Sq Ft | 173.77 |
| Vacation Rental Y/N | No |
| Total SQFT | 6900 |
| Days on Market | 8 |
| Lease Type | Triple Net,Month to Month,Yearly,Weekly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | Ward 11 |
| Tax Lot | 033 |
| Cap Rate | 9.14 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Wood,Partially Carpeted,Tile/Brick |
| Hot Water | Natural Gas |
| Furnished Units | All |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Turn-key apartments-mostly furnished. Common laundry equipment |
| Type of Parking | On Street |
| Water View Y/N | No |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | City/County |
| Land Assessed Value | 123400.00 |
| 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 Multi-Family Average in 21201
Price
Taxes
Visits
Year Built
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