Property

Baltimore, MD 21230 773 Washington Boulevard

Pending
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Presented By: Karim Harried
  • MLS# MDBA2111668
  • 01/21/2024
  • Request Tour
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  • Beds • 4

Home Details

Must see pictures and separate 3-D walkthrough layout virtual tour! Property is actually 2 adjoining buildings 773-775 Washington Blvd. Both included in sale totaling (6) 1-br apartments, 2 retail store-front commercial spaces with C-1 zoning offering a huge variety of commercial retail business uses. And garage rented to long term upholstery company who would like to stay. Garage also has development rights to add 4 more residential units. Amazing building on picturesque classic tree-lined downtown Baltimore Street with brick sidewalks - Fully renovated inside and out mixed-use building. As I said, see the pictures, new everything inside from kitchens to bathrooms, windows, doors, separately controlled heat and a/c in each unit, flooring, paint, appliances including washer/dryer in each unit. All separately metered perfectly turnkey. Property is walking distance to restaurants, shopping, Inner Harbor, parks, all the downtown amenities, plus 1 block from I-95, 3 minutes to 295 - just a perfect location for any tenant and surrounded by lots of successful retail shops, curb appeal impeccable. This building will fill up fast and make for an amazing addition to any portfolio. Proforma available documenting 10% cap rate. But this location is really where the investment shows off. It is the 1st block of non high-rise commercial after downtown. Hospitals walking distance, so many employers, the new inner harbor development plan and all the jobs Baltimore is adding makes this the perfect investment at a price that gives a great cap rate. This is the one you have been waiting for!!! And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today! Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.
Presented By: Karim Harried

Interior Features for 773 Washington Boulevard

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 773 Washington Boulevard

Accessibility32 + wide Doors, Entry Slope <1'
Architectural StyleColonial
CityBALTIMORE
Construction MaterialsBrick, Concrete
Cool FuelElectric
CoolingCentral A/C, Ceiling Fan(s)
CountyBALTIMORE CITY
Days on Market67
DirectionsI-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.
Electric120/240V, Single Phase
Garage Y/NNo
HeatingHot Water
Legal SubdivisionWard 21
Lot Size Square Feet3300.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-08-14T05:58:07
MunicipalityBaltimore City
New ConstructionNo
NumberOfUnitsTotal4
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Percent OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG219.16
Property ConditionExcellent
Property SubTypeOther
Property TypeMulti-Family
RoofRubber
School DistrictBALTIMORE CITY PUBLIC SCHOOLS
Section13
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeOver Storefront
Subdivision NameWASHINGTON VILLAGE
Tax Annual Amount2381.0
Tax Assessed Value100900.0
Tax Lot009
Tax Year2023
Total SQFT7192
Two Bedroom0
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningC-1

Exterior for 773 Washington Boulevard

Foundation DetailsSlab
Land Assessed Value59400.00
Land Use CodeC
Lot Size Acres0.08
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Road Frontage Length30
Road ResponsibilityCity/County
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Karina Gil

Associate
Price $1,350,000
MLS#MDBA2111668
List Date 01/21/2024
Property Type Pending
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