1712 Madison Ave
Baltimore, MD 21217
1712 Madison Ave · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,485 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1920/2007 |
| Zoning | R-7 - a low-density residential zone that regulates the construction of single-unit dwellings and middle housing on existing lots. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,485 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2007 |
| Zoning | R-7 - a low-density residential zone that regulates the construction of single-unit dwellings and middle housing on existing lots. |
About 1712 MADISON AVE , BALTIMORE, MD 21217
Opportunity Zone Property! Great 6 unit building one block from Bolton Hill. Here’s a multi unit that makes sense and has a ton of upside potential. Could transition to student housing for MICA, or a higher quality update for increased rental revenue . A solid 8% cap rate property. All plumbing and electrical was updated in 2008, new gas fed forced air units replaced in the last two years. Great unit mix; (2) 2 bedrooms, 1 efficiency, and (3) 1 bedroom units. Tenants pay all their own utilities, which makes this a great income generating property for the owner. Look at the area, just two blocks from Bolton Hill, with condo projects going up all around this property. This property will yield great positive cash, these type of deals don’t come around often. Please only serious, qualified investors.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $699.00 | - |
| Studios | 1 | $462.50 | - |
| 1+1 | 3 | $750.00 | - |
Property Taxes
| Parcel Number | 0341-007 | Improvements Assessment | $271,200 |
| Land Assessment | $75,600 | Total Assessment | $346,800 |
Property Taxes
