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320 S Highland Ave 4 Unit Apartment Building $1,150,000 ($287,500/Unit) Baltimore, MD 21224
EXECUTIVE SUMMARY
MULTI FAMILY OFFERING IN HIGHLANDTOWN WITH INCERDIBLE VIEWS OF DOWNTOWN & PATTERSON PARK WITH ADDITIONAL DEVELOPMENT OPPORTUNITY - this 4500 sq ft building was completely gutted & renovated in 2016 into 4 apartments. All apartments are configured as 2 bedroom / 2.5 bathroom with 4 off street parking spaces. Permitted engineer plans available for an additional 6-8 apartments to be added within a 4-story building on the side yard connecting to the existing lobby. Some infrastructure improvements already completed in preparation of adding additional apartments such as upgraded water service line, 3 phase electric run down the alley, electric service for 10 units and lobby with elevator shaft already built. The favorable C-1 zoning allows for the additional apartments to be constructed on oversized 53'x92' lot. Current gross annual rent over $100k per year with opportunity to more than double income when additional apartments are added. Agent is owner, call with questions.
PROPERTY FACTS
| Price | $1,150,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $287,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,520 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Zoning | C-1 - Neighborhood Commercial | ||
| Price | $1,150,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,520 SF |
| Average Occupancy | 75% |
| No. Stories | 4 |
| Year Built | 2016 |
| Zoning | C-1 - Neighborhood Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (82)
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320 S Highland Ave
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