Views - Eco Friendly
Address
311 W Baltimore Street, Baltimore, MD
Price
$ 4,500,000
Property Attributes
- MLS#MDBA2060854
- TypeCommercial
- CountyBALTIMORE CITY
- CityBaltimore
- NeighborhoodDowntown
- Zip21201
- StyleApartment Building,/General Retail
- Year Built1907
- Taxes$ 55042
- Price$ 4,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage39680
- Lot Size5,663 SqFt
Data Source:
Bright MLS
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 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 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. 89x 98 bathrooms, 143x 127 Bedrooms 276 x 169 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. Main Level 2,500 sq. ft. Commercial Space is tenant occupied. Options abound for a Future Franchise 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 11 Very Large Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!
| Price History | |
|---|---|
| 10/4/2022 | Listed $4,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Forced Air,Heat Pump(s) |
| Cooling | Heat Pump(s) |
| Possession | Settlement |
| Roof | Composite,Rubber |
| Zoning | C-5DC |
| Security Features | Carbon Monoxide Detector(s),Fire Detection System,Sprinkler System - Indoor |
| Construction Materials | Brick,Concrete |
| Year Built | 1907 |
| Electric | 200+ Amp Service,120/240V,3 Phases |
| View | City |
| Property SubType | Five Or More Units |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 480837.57 |
| OwnerPays | Common Area Maintenance,Taxes - Real Estate,Water |
| Business Type | Apartment Building,Other/General Retail |
| Accessibility | 48 + Halls,Elevator |
| County | BALTIMORE CITY |
| Net Operating Income | 369282.07 |
| Operating Expense | 111550.50 |
| Insurance Expense | 6800.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Energy Efficient | HVAC |
| MaintenanceExpense | 3600.00 |
| Subdivision Name | DOWNTOWN |
| Water Access Y/N | No |
| Property Use | Investment |
| Green Sustainability | Salvaged Materials |
| Transportation | Metro/Subway Station less than 1 mile,Commuter Rail Station less than 1 mile,Airport less than 10 miles |
| Status | ACTIVE |
| Directions | From Calvert Turn East onto E Baltimore. Property is 1.5 blocks up the left right passed the Hippodrome Theater |
| ModificationTimestamp | 2024-05-11T04:15:32 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Lead Free Paint,Lead Inspection Certificate Available,House Code - Inspected |
| Total Units | 1 |
| Lot Size Square Feet | 5659.00 |
| Tax Assessed Value | 2332300.0 |
| Waterfront Y/N | No |
| Street Name | BALTIMORE |
| Tax Annual Amount | 55042.0 |
| Electric Expense | 4200.00 |
| Fuel Expense | 0.00 |
| Property Condition | Excellent |
| Trash Expense | 4680.00 |
| Price Per Sq Ft | 113.58 |
| Acceptable Financing | Cash,Conventional,Exchange |
| Association Fee | 0.00 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.virtuance.com/listing/311-w-baltimore-st-baltimore-maryland-2 |
| Days on Market | 586 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Ward 4 |
| Tax Lot | 008 |
| Cap Rate | 8.21 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Hardwood,Ceramic Tile,Marble |
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| Total Restrooms | 30 |
| Number of Elevators | 1 |
Exterior Features
| Parking Features | Private |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 11 |
| Type of Parking | Private Garage |
| Land Use Code | M |
| Foundation Details | Block,Brick/Mortar |
| Water View Y/N | No |
| Building Area Total | 39620.00 |
| Lot Size Acres | 0.13 |
| Road Frontage Length | 33 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 226300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 11 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21201
Price
Taxes
Visits
Year Built
Walkscore
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