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311 W Baltimore Street

BALTIMORE, MD 21201
  • $4,500,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: MDBA2060854
UPDATED: 45 min ago
$4,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1907
County:

School Ratings & Info

Description

Insane Opportunity for 8% Cap Rate! Never Meant to Be Sold. Owner Re-Built to Last for a Lifetime. Now, Liquidating Portfolio and Must Sell! Pre-Construction Appraisal at 6.3M and Now Offered at 4.5M! Rare Combination of Cash Flow, Immediate Equity and Renovated, Turn Key Condition. Building was taken down to its Reinforced Concrete Frame and the Rebuilt in 2016. 5 Story Atrium was added maximizing Natural Light to all Apartments. All Systems are New including 240 Volt 1600 AMP 3 Phase Electric, Plumbing throughout, Heat Pumps, Plumbing and Elevator with Battery Back Up. 100% LEAD FREE Inside and Out, ABSESTOS FREE and ADA Compliant! Incredibly Rare 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty good through 2036. ISO Exterior Roof Insulation +GG allows exposed beams in elevated 5th Floor Ceilings. Garage ductwork with automatic CO2 detection and ventilation system. Fire Alarm and Sprinkler Systems. Vaults under the sidewalk reinforced with massive steal metal work. Wide Hallways with Rows of Windows letting in Natural Light and Motion Sensing Electricity Saving Lightbulbs. Concrete, Damage Proof Staircases, Wide landings with Original Hardwood Floors, Salvaged Historic Metal Panels, 100k in Ornamental Ironwork on Windows alone and Hallways of Acid Washed Exposed Brick Walls. The apartment designs defied the standards of maximizing the number of units and instead maximized space, comfort and desirability of each residence. Loft feel with 10ft +GG 16ft high ceilings, Real Hardwood Floors throughout, Exposed Brick Accent Walls, Metal Doors, Double Wide Bedroom Closets, Large almost floor to Ceiling Windows and Full Size Washers and Dryers in Every Unit. Kitchens boast Solid Wood Cabinets, Brazilin Granite Counters, SS Appliances, Islands and Flow into Large Open Living Rooms. Bathrooms are Calcatta Mable with Black Granite Stars and Inlays. See Floor Plans and link to 3D Virtual Tours. The 1BD Apartments are approximately 875 sq. ft. 8+GG9+G-x 9+GG8+G- bathrooms, 14+GG3+G-x 12+GG7+G- Bedrooms 27+GG6+G- x 16+GG9+G- Open Kitchen and Dining Area. 2BD 2BA Apartments are approximately 1,336 sq. ft. with even larger living spaces. These units are of a totally different quality then other buildings with pigeon whole apartments with inferior finishes and the Rental Income Proves It! Attract Great Tenants and Enjoy High Rent, Low Turn Over and Minimal Maintenance. Seller has Used Lower Level 2,500 sq. ft. Retail Space and Basement Storage for Seller+GGs Office and Storage and will Sign New 1 Year Lease for Retail Space with Buyer to Facilitate Financing. Options abound for an Ideal Future tenant. Wallgreens, 7/11, McDonalds, M&T Bank and a dozen restaurants are within 2 blocks. Incredible Downtown Location half a block from the Hippodrome and Royal Farm Arena and Blocks from Camden Yards, University of MD Medical Center and the Inner Harbor Waterfront. Gain Additional Income from the 11 Garage Parking Spaces and 10 Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T18:51:44.763.
www.execuhome.com/homes/133649416
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311 W Baltimore Street BALTIMORE, MD 21201

  • Price: $4,500,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 45 min ago
  • ID#: MDBA2060854
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1907
Built
Neighborhood:
Downtown
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Insane Opportunity for 8% Cap Rate! Never Meant to Be Sold. Owner Re-Built to Last for a Lifetime. Now, Liquidating Portfolio and Must Sell! Pre-Construction Appraisal at 6.3M and Now Offered at 4.5M! Rare Combination of Cash Flow, Immediate Equity and Renovated, Turn Key Condition. Building was taken down to its Reinforced Concrete Frame and the Rebuilt in 2016. 5 Story Atrium was added maximizing Natural Light to all Apartments. All Systems are New including 240 Volt 1600 AMP 3 Phase Electric, Plumbing throughout, Heat Pumps, Plumbing and Elevator with Battery Back Up. 100% LEAD FREE Inside and Out, ABSESTOS FREE and ADA Compliant! Incredibly Rare 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty good through 2036. ISO Exterior Roof Insulation +GG allows exposed beams in elevated 5th Floor Ceilings. Garage ductwork with automatic CO2 detection and ventilation system. Fire Alarm and Sprinkler Systems. Vaults under the sidewalk reinforced with massive steal metal work. Wide Hallways with Rows of Windows letting in Natural Light and Motion Sensing Electricity Saving Lightbulbs. Concrete, Damage Proof Staircases, Wide landings with Original Hardwood Floors, Salvaged Historic Metal Panels, 100k in Ornamental Ironwork on Windows alone and Hallways of Acid Washed Exposed Brick Walls. The apartment designs defied the standards of maximizing the number of units and instead maximized space, comfort and desirability of each residence. Loft feel with 10ft +GG 16ft high ceilings, Real Hardwood Floors throughout, Exposed Brick Accent Walls, Metal Doors, Double Wide Bedroom Closets, Large almost floor to Ceiling Windows and Full Size Washers and Dryers in Every Unit. Kitchens boast Solid Wood Cabinets, Brazilin Granite Counters, SS Appliances, Islands and Flow into Large Open Living Rooms. Bathrooms are Calcatta Mable with Black Granite Stars and Inlays. See Floor Plans and link to 3D Virtual Tours. The 1BD Apartments are approximately 875 sq. ft. 8+GG9+G-x 9+GG8+G- bathrooms, 14+GG3+G-x 12+GG7+G- Bedrooms 27+GG6+G- x 16+GG9+G- Open Kitchen and Dining Area. 2BD 2BA Apartments are approximately 1,336 sq. ft. with even larger living spaces. These units are of a totally different quality then other buildings with pigeon whole apartments with inferior finishes and the Rental Income Proves It! Attract Great Tenants and Enjoy High Rent, Low Turn Over and Minimal Maintenance. Seller has Used Lower Level 2,500 sq. ft. Retail Space and Basement Storage for Seller+GGs Office and Storage and will Sign New 1 Year Lease for Retail Space with Buyer to Facilitate Financing. Options abound for an Ideal Future tenant. Wallgreens, 7/11, McDonalds, M&T Bank and a dozen restaurants are within 2 blocks. Incredible Downtown Location half a block from the Hippodrome and Royal Farm Arena and Blocks from Camden Yards, University of MD Medical Center and the Inner Harbor Waterfront. Gain Additional Income from the 11 Garage Parking Spaces and 10 Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!
Exterior Features

Construction Materials BrickConcrete Garage YN No Location Type Downtown Parking Features Private Parking Types Private Garage Property Condition Excellent Riparian Rights YN No Roof CompositeRubber View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 39620.00 Cooling Heat Pump(S) Flooring HardwoodCeramic TileMarble Heating CentralForced AirHeat Pump(S) Heating YN Yes Net Square Feet 39680.00 Security Features Carbon Monoxide Detector(S)Fire Detection SystemSprinkler System - Indoor

Property Features

Acceptable Financing CashConventionalExchange Accessibility Features 48"+ HallsElevator Assessment Year 2022 Association Expense 0.00 Business Type Apartment BuildingOther/General Retail Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service120/240V3 Phases Electric Expense 4200.00 Elevators 1 Foundation Details BlockBrick/Mortar Green Energy Efficient Hvac Green Sustainability Salvaged Materials Gross Income 480837.57 Heating Fuel Electric Hot Water Electric Insurance Expense 6800.00 Internet Services Cable Lease Considered YN No Maintenance Expense 3600.00 Municipality Baltimore City Navigable Water YN N Net Operating Income 369282.07 New Construction YN No Number Of Units Total 1 Operating Expense 111550.50 Operating Expense Includes ElectricInsuranceManagement FeesRepair/MaintenanceSewerTrashWater Original MLSNumber 801888296006 Owner Pays Common Area MaintenanceTaxes - Real EstateWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 55042.00 Tax Assessment Amount 2332300.00 Tax Lot 008 Transportation Metro/Subway Station Less Than 1 MileCommuter Rail Station Less Than 1 MileAirport Less Than 10 Miles Trash Expense 4680.00 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning C-5Dc

Listing courtesy of Execuhome Realty: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T18:51:44.763.
 
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