320-326 S Highland Ave - Office/Residential FOR SALE


Baltimore, MD 21224- Highlandtown
$1,150,000 USD
443-602-4766
320-326 S Highland Ave, Baltimore, MD for Sale
$1,150,000 USD
Office/Residential - FOR SALE
1/23
null | Request Cap Rate

NEW


320-326 S Highland Ave
Baltimore, MD 21224
Highlandtown


OVERVIEW

MULTI FAMILY OFFERING IN HIGHLANDTOWN WITH INCERDIBLE VIEWS OF DOWNTOWN & PATTERSON PARK WITH ADDITIONAL DEVELOPMENT OPPORTUNITY - this 4500 sq ft building was completely gutted & renovated in 2016 into 4 apartments. All apartments are configured as 2 bedroom / 2.5 bathroom with 4 off street parking spaces. Permitted engineer plans available for an additional 6-8 apartments to be added within a 4-story building on the side yard connecting to the existing lobby. Some infrastructure improvements already completed in preparation of adding additional apartments such as upgraded water service line, 3 phase electric run down the alley, electric service for 10 units and lobby with elevator shaft already built. The favorable C-1 zoning allows for the additional apartments to be constructed on oversized 53'x92' lot. Current gross annual rent over $100k per year with opportunity to more than double income when additional apartments are added. Agent is owner, call with questions.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C-1

APN/PARCEL ID

6299A-034

ASK ABOUT THIS PROPERTY

Andrew LehrVYBE RealtyMore Info
443-602-4766

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Andrew LehrVYBE RealtyMore Info
443-602-4766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.