Description
Prime Investment Opportunity: Gutted 6-Unit Building Near Johns Hopkins University Student Center Located just a block away from the highly anticipated new Johns Hopkins University Student Center, this gutted 6-unit building presents an exceptional investment opportunity in one of Baltimore's most desirable neighborhoods. With its proximity to the university, the building is perfectly positioned to serve the growing demand for student housing, faculty residences, or multi-family rentals. This property offers a blank canvas for developers, investors, or visionaries looking to capitalize on the area's rapid development. The building has been completely gutted, providing a clean slate to design and customize each unit to suit modern living standards. Whether you're looking to create high-end student apartments or multi-family units, this property offers immense potential for value appreciation. Key Features: Prime Location: Just one block from the Johns Hopkins University Student Center, with easy access to campus, restaurants, shops, and public transportation.Fully Gutted: Ready for a full renovation-very limited demolition required. Perfect for investors looking to redesign the property to maximize rental income or resale value.Large, Spacious Units: Approved for two 3 bedroom and two 4 bedroom units, maximizing rental income potential in a high-demand market. Market rents for this space will command an average of $1,000 per month per bedroom. Bringing in $14,000 per month.Development Potential: The building's layout and zoning offer flexibility for various development projects, whether residential or mixed-use.Strong Rental Market: The Johns Hopkins University area has a consistently high demand for housing, ensuring strong rental prospects or potential for sale.This property is an ideal opportunity for those seeking to invest in a rapidly developing area of Baltimore. With thoughtful renovations, this gutted building could quickly transform into a highly profitable asset in the heart of one of the city's most sought-after locations. Don't miss out on the chance to be part of the transformation of this dynamic neighborhood! See drawings for better understanding.
Details
| MLS # | MDBA2208428 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1921 |
| Days On Site | 154 |
| Listing Provided By | Keller Williams Legacy | Mark D Simone |
Features
| Garage | 2 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 4 |
| Zoning | MULTI-FAMILY 6 UNITS |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
| Lot Features | Corner |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Tax Annual Amount | 6600 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21218 |
| Area | BALTIMORE CITY MD |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in 21218) | |
Price: $425,000 low | high Med: $199,999 On site: 154 low | high Med: 99 | |
Market Activity 21218
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21218 |
| Area | BALTIMORE CITY MD |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in 21218) | |
Price: $425,000 low | high Med: $199,999 On site: 154 low | high Med: 99 | |
