2101 Maryland Avenue

    BALTIMORE, MD 21218
    • $825,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 1009921220
    UPDATED: 56 min ago
    $825,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,085
      SQFT
    • $202
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Opportunity to own a well maintained Lead-Free (limited) prominent corner building in an up-and-coming neighborhood. Totally gut rehabbed in 1992. New roof in 2014. 5 of 7 HVAC systems are new. All kitchens & baths updated. Bright, spacious apartments; some with exposed brick walls, vaulted ceilings and loft areas. Rear decks add outdoor space. 2 units have in-suite washer-dryer. separate heat pumps with central air conditioning. Separate water heaters mean tenants pay all utilities. Front restaurant has 2 baths and a full commercial kitchen with walk-in box, rear bar has 2 baths and a full service bar. Landlord controls the 7-day BWL license with live entertainment authorized, adding more value to this asset. The current restaurant/bar tenant has a long-term lease through 2021 with a 5-year renewal option. MICA (Maryland Institute College of Art ~ the third highest rated art school in the country) is expanding and growing in this market. 2 blocks from the newly renovated Motor House, ~Artists and Craftsman~ store, The newly restored Parkway Theater, the mixed use ~Center Theater~, and a short 5 block walk to Penn Station with AMTRAK service to New York and MARC Commuter Rail service to BWI airport and Washington DC. 8.9% Cap Rate!

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-11-13T10:58:30.913.
    www.darthomes.com/homes/88463755

    2101 Maryland Avenue BALTIMORE, MD 21218

    • Price: $825,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 1009921220
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    4,085
    SQFT
    $202
    $/SQFT
    1900
    Built
    Neighborhood:
    Baltimore City
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    Opportunity to own a well maintained Lead-Free (limited) prominent corner building in an up-and-coming neighborhood. Totally gut rehabbed in 1992. New roof in 2014. 5 of 7 HVAC systems are new. All kitchens & baths updated. Bright, spacious apartments; some with exposed brick walls, vaulted ceilings and loft areas. Rear decks add outdoor space. 2 units have in-suite washer-dryer. separate heat pumps with central air conditioning. Separate water heaters mean tenants pay all utilities. Front restaurant has 2 baths and a full commercial kitchen with walk-in box, rear bar has 2 baths and a full service bar. Landlord controls the 7-day BWL license with live entertainment authorized, adding more value to this asset. The current restaurant/bar tenant has a long-term lease through 2021 with a 5-year renewal option. MICA (Maryland Institute College of Art ~ the third highest rated art school in the country) is expanding and growing in this market. 2 blocks from the newly renovated Motor House, ~Artists and Craftsman~ store, The newly restored Parkway Theater, the mixed use ~Center Theater~, and a short 5 block walk to Penn Station with AMTRAK service to New York and MARC Commuter Rail service to BWI airport and Washington DC. 8.9% Cap Rate!
    Exterior Features

    Construction Materials Brick Direction Faces West Garage YN No Location Type Corner Lot/Unit Other Structures Above GradeBelow Grade Parking Types None Property Condition As-Is ConditionRenov/RemodShows Well Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof Rubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 5970.00 Cooling Central A/CHeat Pump(S) Exclusions Tenants' Possessions Flooring Ceramic TileHardwoodLaminatedWood Heating Forced AirHeat Pump(S) Heating YN Yes Inclusions Range And Refrigerator For Each Apartment. Liquor License Reverts To Landlord in Event Of Lease Termination Or Default. Living Area 4085 Net Square Feet 5970.00 Security Features Smoke Detector

    Property Features

    Accessibility Features Other Annual Gross Expense 30585.00 Assessment Year 2018 Association YN No Business Type Bar/Tavern/LoungeRestaurantApartment Building Central Air YN Yes Cooling Fuel Electric Electric Circuit Breakers150 Amps Electric Expense 156.00 Gross Income 107445.00 Heating Fuel Electric Hot Water Multi-TankElectric Incorporated City Name Baltimore City Insurance Expense 2905.00 Maintenance Expense 5000.00 Navigable Water YN N Net Operating Income 76860.00 New Construction YN No Number Of Units Total 7 Operating Expense 30585.00 Operating Expense Includes Insurance Original MLSNumber 300876300896 Owner Pays InsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Five Or More Units Sale Type Standard Section 07 Sewer Public Sewer Tax Annual Amount 12352.0 Tax Assessment Amount 523400.0 Tax Lot 016 Total Actual Rent 113100.00 Utilities Cable Tv AvailableDsl AvailableElectric AvailablePhone Available Vacation Rental YN No Water Source Public Year Built Effective 1992 Zoning C-1

    Listing courtesy of Ben Frederick Realty, Inc..
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-11-13T10:58:30.913.
     
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