519 S WASHINGTON ST new to site

Baltimore,MD 21231

$ 385000

- Bed

- Bath

1852 SqFt


Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $207

MLS Listing ID MDBA2151460

Style Federal

Abv Grd Liv Area 1,852

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $7,018

Tax Year 2024

Property Description

Captivating Multi-Unit Investment Opportunity in Fells Point. Welcome to an extraordinary investment opportunity in the highly sought-after Fells Point neighborhood. This licensed multi-unit end-of-group property features: Separate Utilities: Each unit boasts its own gas and electric meters, water heaters, and HVAC systems. Versatile Layout: The main level includes a front commercial space with a full bath, alongside a one-bedroom, one-bath apartment. Upper Levels: The second floor hosts a one-bedroom, one-bath apartment, while the third level offers a cozy studio apartment. Current Tenancy: The commercial space is vacant and requires minor work. The first-floor apartment rents for $1,150/month, and the second-floor apartment rents for $1,100/month. The third-floor studio is currently vacant. Income Potential: With projected gross rental income of over $3,500/month, this property presents a lucrative opportunity for savvy investors. Don't miss out on this rare find in a vibrant community! Zoning is for 3 dwelling units. Buyer to verify what options are available for the commercial space.

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Connecting Stairway,Unfinished

Interior

Interior Features Bathroom - Soaking Tub,Ceiling Fan(s),Kitchen - Eat-In,Window Treatments,Wood Floors

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Equipment Built-In Microwave,Dryer,Oven/Range - Gas,Refrigerator,Washer

Fireplace N

Window Features Double Pane

Appliance Built-In Microwave,Dryer,Oven/Range - Gas,Refrigerator,Washer

Heat Source Natural Gas

Exterior

Utilities Available Cable TV Available

Water Access N

View Street

Roof Type Composite

Accessibility None

Garage N

Building

Lot Description Corner

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade,Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0302071783 036

Ownership Ground Rent

SqFt Source Estimated

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Financing Cash,Conventional

Special Listing Condition Standard

View More
Favorite Go Tour