$2,000,000
$2,400,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
14,400 SqFt
SOLD DATE : 11/27/2024
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 14,400 sqft
Price per Sqft $138
Subdivision None Available
MLS Listing ID MDBA2142644
Sold Date 11/27/24
Originating Board BRIGHT
Year Built 1990
Annual Tax Amount $49,392
Tax Year 2024
Lot Dimensions 20904
Property Description
This prime investment opportunity features a portfolio of 12 individual residential townhomes located just minutes from Towson University, with an income potential of $316,000 annually. Currently, 8 of the 12 units are leased, generating immediate rental income, while the remaining units provide an excellent opportunity for growth in a high-demand area. The properties include a mix of garage and traditional townhomes, appealing to both students and professionals, and the monthly condo fee is $320 per unit. Although these are individual residential townhomes, they are listed under commercial due to Bright MLS restrictions, which limit multi-family listings to 4 units or fewer. Don't miss out on this unique opportunity to expand your investment portfolio!
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water Natural Gas, Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Flooring Carpet, Laminate Plank
Heat Source Electric
Exterior
Garage Spaces 12.0
Utilities Available Cable TV Available
Water Access N
Roof Type Asphalt
Accessibility None
Total Parking Spaces 12
Garage N
Building
Lot Description Corner, Interior
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327645090A042
Ownership Condominium
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Htun Win Naing • Ghimire Homes
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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