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311 Madison Street

BALTIMORE, MD 21201
  • $1,099,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: MDBA2122616
Price Reduced
$1,099,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,900
    SQFT
  • $159
    $/SQFT
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

New Listing Alert! ' Turnkey mixed-use CASH COW available now! Zoned as an apartment hotel with SIX rentable units. THIS IS A COMMERCIAL BUILDING WITH HUGE redevelopment potential on a CONER LOT!!! Don't miss out on this lucrative deal! ' #RealEstate #InvestmentOpportunity #CashCow Professional pictures coming soon! The current tenants in place for this investment opportunity include a retail restaurant/lounge on the 1st level. The restaurant/lounge has a long-term lease in place, providing a stable source of income. Additionally, there are six rentable units that generate revenue through a hybrid income ratio split between Airbnb, long-term leases, and the restaurant. This diverse mix of tenants ensures multiple streams of income for the property. ' SOLD AS IS

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www.chesapeakebayproperties.com/homes/149792099
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311 Madison Street BALTIMORE, MD 21201

  • Price: $1,099,000
  • Status: Active
  • On Site: 61 Days
  • MLS #: MDBA2122616
0
Beds
0
Baths
0
½ Baths
0.06
Acres
6,900
SQFT
$159
$/SQFT
1948
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
New Listing Alert! ' Turnkey mixed-use CASH COW available now! Zoned as an apartment hotel with SIX rentable units. THIS IS A COMMERCIAL BUILDING WITH HUGE redevelopment potential on a CONER LOT!!! Don't miss out on this lucrative deal! ' #RealEstate #InvestmentOpportunity #CashCow Professional pictures coming soon! The current tenants in place for this investment opportunity include a retail restaurant/lounge on the 1st level. The restaurant/lounge has a long-term lease in place, providing a stable source of income. Additionally, there are six rentable units that generate revenue through a hybrid income ratio split between Airbnb, long-term leases, and the restaurant. This diverse mix of tenants ensures multiple streams of income for the property. ' SOLD AS IS
Exterior Features

Architectural Style Traditional Construction Materials Concrete Garage YN No Parking Types On Street Pool No Pool Property Condition Very Good Road Responsibility City/County Roof Rubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 6900 Cooling Central A/CCeiling Fan(s) Exclusions Call for details Flooring WoodPartially CarpetedTile/Brick Heating Forced Air Heating YN Yes Inclusions Turn-key apartments-mostly furnished. Common laundry equipment Single Room Units 2 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished All

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Existing Lease Type Triple NetMonth to MonthYearlyWeekly Heating Fuel Natural Gas Hot Water Natural Gas Municipality BALTIMORE CITY Navigable Water YN N New Construction YN No Number Of Units Leased 7 Number Of Units Total 4 Original MLSNumber 803012891284 Ownership Interest Fee Simple Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 6613.00 Tax Lot 033 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Vacation Rental YN No Water Source Public Zoning 4-1

 
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Chesapeake Bay Properties | Benson & Mangold Real Estate
31 Goldsborough Street
Easton MD, 21601