500 Park Ave | Towson, MD 21204
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500 Park Ave
Towson, MD 21204
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Value Add Potential: Opportunity to Increase Rents 20%+ Upon Renovation of Kitchens and Baths
- Attractive Unit Mix & Layouts: 80% Two Bedroom One Bath Units, Private Entrances & Balconies in the Rear of the Building
- Affluent Submarket: West Towson Average Household Income of $115,000
- Other Income Opportunity: Lease Garages and Rectify Basement Apartment
- Desirable Location: Prime Location with Access to Parks, Retail, Dining, and Employment; Walk Score of 81
- Direct Access to Major Roadways: Convenient to Joppa Road, York Road, and I-695 (Baltimore Beltway)
Property Facts
| No. Units | 5 | Building Size | 3,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | DR5.5 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1/1,000 SF |
| Zoning | DR5.5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 825 |
Property Taxes
| Parcel Number | 09-1900006214 | Improvements Assessment | $231,200 |
| Land Assessment | $285,000 | Total Assessment | $516,200 |
Property Taxes
Parcel Number
09-1900006214
Land Assessment
$285,000
Improvements Assessment
$231,200
Total Assessment
$516,200
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