400 N Howard St - Apartments FOR SALE


Baltimore, MD 21201- Historic Baltimore
$1,199,000 USD
410-921-0205
400 N Howard St, Baltimore, MD for Sale
$1,199,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

400 N Howard St
Baltimore, MD 21201
Historic Baltimore


HIGHLIGHTS

  • Federal Tax Credit Approved
  • Baltimore City CHAP 10 year Tax Credit Approved
  • Approved Permits

OVERVIEW

Welcome to 400 N Howard St! The project offers 14 residential units plus 1 commercial space, for a total of 15 units. 3-2bd/1ba units, 5-1bd/1ba units, and 6-studio apartments. This project has BOTH approved National Park Service Historic Tax Credits as well as Baltimore City CHAP 10 year tax credits. The National Park Service tax credit represents approximately $500,000 in Federal Tax Credits and the Baltimore City CHAP credit represents approximately an additional $45,000/year for 10 years in tax savings. The project is under approved permits, and is ready to begin work immediately. The building's proforma shows approximately $205k in annual potential rent. Architectural drawings, tax credit approvals, and approved City permit copies are loaded into the documents section.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

15

PRICE/UNIT

$79,933

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,000 SF

ZONING

C5-HS

APN/PARCEL ID

0562-020

ASK ABOUT THIS PROPERTY

Brian LeibowitzThe Dominion GroupMore Info
410-921-0205

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Brian LeibowitzThe Dominion GroupMore Info
410-921-0205

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