MD > Baltimore
Baltimore, MD 21217,1400-1402 MADISON AVE
Baltimore, MD 21217,1400-1402 MADISON AVE
Baltimore, MD 21217,1400-1402 MADISON AVE
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$650,000
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3,168 SqFt
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1400-1402 MADISON AVE Baltimore, MD 21217

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Louis Chirgott

Louis Chirgott

+1(410) 913-6636

UPDATED:

09/18/2024 07:26 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,168 sqft

Price per Sqft $205

MLS Listing ID MDBA2127228

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $7,742

Tax Year 2024

Property Description

Located on an oversized corner lot between Upton and Bolton Hill, this 4200+ SQFT 7-unit apartment complex features 5 updated 1 BD / 1 BA units, 1 updated 2 BD / 1 BA unit, and 1 1 BD / 1 BA unit to be turned over (est 20k). Two of the 1 BD / 1 BA units have dedicated entrances with one ADA. Separately metered. Owner responsible for common area electric, water and trash. Professionally managed at 10% with ABLE Capital. Gross scheduled $87,000. Annual trash $4400. Annual insurance $4600. Water avg $250/mo. Garage month-to-month at $200, can be conveyed vacant. Current ownership is in the process of turning over building which presents a unique opportunity for an incoming buyer to add value, stabilize the property, and determine tenancy. Both third floor units rented to long-term tenants for $1,050 and $1,100 respectively. Remaining 5 units have been vacated.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Other, Window Unit(s)

Flooring Other, Heated

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Waterfront N

Water Access N

Roof Type Rubber

Accessibility Level Entry - Main, No Stairs

Total Parking Spaces 4

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0314120378 001

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Private, Negotiable

Listing Terms Cash, Conventional, Private, Negotiable

Financing Cash,Conventional,Private,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Ronald W. Howard • RE/MAX Advantage Realty

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Louis Chirgott

Team Leader | License ID: 622715

+1(410) 913-6636

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1400-1402 MADISON AVE