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$500,000
1712 Madison Ave
Price:
$500,000
BR/BA:
8 BR
Location:
1712 Madison Ave, Baltimore, MD
Description:
Great 6 unit building one block from Bolton Hill with a ton of upside potential. 3 out of 6 units were fully renovated in 2023. An estimated solid 8% + cap rate property. All plumbing and electrical was updated in 2008, gas fed forced air units replaced within the last few years. Great unit mix; (2) 2 bedrooms, (1) 1 efficiency, and (3) 1-bedroom units. With separate meters the tenants pay all their own utilities, which makes this a great income generating property for the owner. 3 of the 6 units are currently on month-to-month leases. Recently enhanced units and common areas but there still room to improve. Possibility to increase property value/income by adding laundry and/or storage areas to the basement. Walking distance to Maryland Institute College of Art (MICA), one of the country''s premier art schools, with an enrollment of 3,500. Other Nearby Colleges: University of Baltimore, Johns Hopkins University, Coppin State University, Baltimore City Community College. Nearby Development Projects: Madison Park North ($120M mixed-use redevelopment), Penn Station. ($90M mixed-use redevelopment). Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Amenities:
Storage
For sale by:
By Owner
Posted:
July 11 2023 on ListedBuy
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More About this Listing: 1712 Madison Ave
1712 Madison Ave is a Eight Bedroom Multi-Family Real Estate for Sale at 1712 Madison Ave in Baltimore MD. Find other listings like 1712 Madison Ave and listings near 1712 Madison Ave by searching Oodle Classifieds for Eight Bedroom Multi-Family Real Estate for Sale in Baltimore MD.
1712 Madison Ave is a Eight Bedroom Multi-Family Real Estate for Sale at 1712 Madison Ave in Baltimore MD. Find other listings like 1712 Madison Ave and listings near 1712 Madison Ave by searching Oodle Classifieds for Eight Bedroom Multi-Family Real Estate for Sale in Baltimore MD.