1400-1402 Madison Avenue Baltimore, MD 21217
Located on an oversized corner lot between Upton and Bolton Hill, this 4200+ SQFT 7-unit apartment complex features 5 updated 1 BD / 1 BA units, 1 updated 2 BD / 1 BA unit, and 1 1 BD / 1 BA unit to be turned over (est 20k). Two of the 1 BD / 1 BA units have dedicated entrances with one ADA. Separately metered. Owner responsible for common area electric, water and trash. Professionally managed at 10% with ABLE Capital. Gross scheduled $87, 000. Annual trash $4400. Annual insurance $4600. Water avg $250/mo. Garage month-to-month at $200, can be conveyed vacant. Current ownership is in the process of turning over building which presents a unique opportunity for an incoming buyer to add value, stabilize the property, and determine tenancy. Both third floor units rented to long-term tenants for $1, 050 and $1, 100 respectively. Remaining 5 units have been vacated.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBaltimore City
- Taxes$7,742
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID NumberMDBA2127228
- Home Size Source Assessor
- Year Built1920
- Lot Size0 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Private GarageOn Street
- Sewer Public Sewer
- Acreage 0
- Water Public
- Property Sub Type Multi Family
- Attached Garage No
- Zoning R-7
Interior Features
- Cooling OtherWindow Unit(s)Electric
- Heating RadiatorNatural Gas
- Flooring OtherHeated
Exterior Features
- Roof Rubber
- Spa No
- Waterfront Property No