435 NICOLL AVENUE, Baltimore, MD 21212 - MLS#MDBA2142644

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Sonia Castro

[email protected] +1(484) 554-7672

$2,400,000

Est. payment - /mo

14,400 SqFt

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UPDATED:

11/16/2024 02:23 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $166

Subdivision None Available

MLS Listing ID MDBA2142644

Originating Board BRIGHT

Year Built 1990

Annual Tax Amount $49,392

Tax Year 2024

Lot Dimensions 20904

Property Description

This prime investment opportunity features a portfolio of 12 individual residential townhomes located just minutes from Towson University, with an income potential of $316,000 annually. Currently, 8 of the 12 units are leased, generating immediate rental income, while the remaining units provide an excellent opportunity for growth in a high-demand area. The properties include a mix of garage and traditional townhomes, appealing to both students and professionals, and the monthly condo fee is $320 per unit. Although these are individual residential townhomes, they are listed under commercial due to Bright MLS restrictions, which limit multi-family listings to 4 units or fewer. Don't miss out on this unique opportunity to expand your investment portfolio!

Location

State MD

County Baltimore City

Zoning R-5

Interior

Hot Water Natural Gas, Electric

Heating Forced Air, Heat Pump(s)

Cooling Central A/C

Flooring Carpet, Laminate Plank

Heat Source Electric

Exterior

Garage Spaces 12.0

Utilities Available Cable TV Available

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 12

Garage N

Building

Lot Description Corner, Interior

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0327645090A042

Ownership Condominium

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Listed by Kris Ghimire • Ghimire Homes

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Sonia Castro

+1(484) 554-7672

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