Price Reduction
Listed By:
RE/MAX Allegiance
Address
311 Madison Street W, Baltimore, MD
Price
$ 1,199,000
Property Attributes
  • MLS#MDBA2118368
  • TypeCommercial
  • CountyBALTIMORE CITY
  • CityBaltimore
  • NeighborhoodMount Vernon Place Historic District
  • Zip21201
  • StyleApartment Building,Restaurant/Bar
  • Year Built1948
  • Taxes$ 6613
  • Price$ 1,199,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6900
  • Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description

New Listing Alert! Turnkey mixed-use CASH COW available now! Zoned as an apartment hotel with six rentable units. 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.

Price History
3/26/2024 Listed $1,249,000
4/22/2024 5% - $1,199,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C,Ceiling Fan(s)
Possession Immediate,Negotiable
Roof Rubber
Zoning OBO41
Construction Materials Concrete
Exclusions Call for details
Year Built 1948
Property SubType Five Or More Units
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building,Restaurant/Bar
Accessibility None
County BALTIMORE CITY
New Construction No
Property Type Commercial Sale
Subdivision Name MOUNT VERNON PLACE HISTORIC DISTRICT
Water Access Y/N No
Property Use Investment
Transportation Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile
Status ACTIVE
Directions GPS or across the street from University of Maryland Mid-town campus -hospital
ModificationTimestamp 2024-05-11T04:48:55
City BALTIMORE
Buyer Agent Compensation 2
Disclosures Owner RE Licensee
Total Units 6
Lot Size Square Feet 2613.60
Tax Assessed Value 280567.0
Waterfront Y/N No
Street Name MADISON
Tax Annual Amount 6613.0
Property Condition Very Good
Price Per Sq Ft 173.77
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 47
Standard Status Active
Year Built Source Estimated
Legal Subdivision Ward 11
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Flooring Partially Carpeted,Tile/Brick,Wood
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Water Source Public
Inclusions Turn-key apartments mostly furnished. Common laundry equipment
Type of Parking On Street
Water View Y/N No
Building Area Total 6900.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Estimated
Road Responsibility City/County
Land Assessed Value 123400.00
Navigable Water Y/N No
Water Oriented Y/N No

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
AVG $630K
$1.2M
Taxes
AVG $10,522
$6,613
Visits
AVG 134
99
Data Provided by Inside Real Estate®
Year Built
AVG 1907
1948

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443-998-9213

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