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5215 Todd Ave 3.49 Acres of Commercial Land Offered at $3,050,000 in Baltimore, MD 21206
INVESTMENT HIGHLIGHTS
- Fully Designed and Permits Pending with Baltimore City
- Property to feature large modern lobby, 90 parking spaces, 2 elevators, and additional storage in basement
- Building Designed as 61 units - 2-studios, 53-1bd/1ba, 4-2bd/1ba, and 4 ADA compliant 1bd/1ba
EXECUTIVE SUMMARY
Now available! Permits pending for 61 unit apartment building with 90 parking spots. Full architectural design plans, engineering plans, and site plan available in documents section. Approximate building size is estimated at 61,000sqft over 3 floors above grade and 1 floor below
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$1,022,400
|
$292,951.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,022,400
|
$292,951.29
|
| Taxes |
$125,000
|
$35,816.62
|
| Operating Expenses |
$200,000
|
$57,306.59
|
| Total Expenses |
$325,000
|
$93,123.21
|
| Net Operating Income |
$697,400
|
$199,828.08
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,022,400 |
| Annual Per AC | $292,951.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,022,400 |
| Annual Per AC | $292,951.29 |
| Taxes | |
|---|---|
| Annual | $125,000 |
| Annual Per AC | $35,816.62 |
| Operating Expenses | |
|---|---|
| Annual | $200,000 |
| Annual Per AC | $57,306.59 |
| Total Expenses | |
|---|---|
| Annual | $325,000 |
| Annual Per AC | $93,123.21 |
| Net Operating Income | |
|---|---|
| Annual | $697,400 |
| Annual Per AC | $199,828.08 |
PROPERTY FACTS
| Price | $3,050,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 3.49 AC |
| Zoning | R-5 | ||
| Price | $3,050,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 3.49 AC |
| Zoning | R-5 |
1 LOT AVAILABLE
Lot
| Price | $3,050,000 | Lot Size | 3.49 AC |
| Price Per AC | $873,925.50 |
| Price | $3,050,000 |
| Price Per AC | $873,925.50 |
| Lot Size | 3.49 AC |
Addresses 5215 and 5217 have been consolidated with Baltimore City and now represent +/- 3.4990 ac in total.
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5215 Todd Ave
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