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Nathan Labish

nathan@labishrealestate.com +1(771) 999-4747

$690,000

Est. payment - /mo

5,180 SqFt

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UPDATED:

12/10/2024 12:52 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,180 sqft

Price per Sqft $133

Subdivision Liberty Square

MLS Listing ID MDBA2146160

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $5,006

Tax Year 2024

Lot Size 6,750 Sqft

Acres 0.15

Property Description

Incredible opportunity to own this newly rehabbed and converted legally-zoned 5 unit multifamily property with R6 Zoning. Building features & amenities include: full building sprinkler system, gated paved and lined parking lot, abundant street parking, common area conference/business center, coin laundry, self-contained units, rear decks, and large walk-out lower level storage / common area. Approx 5,200 sf of income production potential. Unit descriptions: Unit 1: 2br 1ba main floor. Unit 2: 2br 1ba upper floor. Unit 3: 1br 1ba main floor. Unit 4: 1br 1 ba upper floor. Unit 5: 1 br 1ba Lower-level walk-out 900+ sf large enough to add a second bedroom. All units delivered vacant allowing new owner full control over income and tenant selection. The rehab and conversion of the building is brand new and current owner is working on final sign-off and U&O Certificate. Additional potential income upside over and above the base rent: Parking space rental, business center rental, coin laundry income, large lower-level common area rental, and storage locker rental. Large roofline allows an investor the potential to jump on the solar installation bandwagon and sell to the grid or to the tenants.

Conveniently located, occupants are a quick walk from the Mondawmin transit plaza, providing quick access to the city via metro subway and local buses. The Mondawmin Mall and The Village at Mondawmin Community center, a three-story complex with over 100 specialty stores and a large grocery store serves the immediate neighborhood. Liberty Road is lined with booming retail. Druid Hill Park, a 745-acre oasis and home to the Maryland Zoo and Rawlings Conservatory & Botanical Gardens, is just a 7-minute walk from the property. Straight shot to I-695 via liberty road, and a short commute to I-83 and Downtown Baltimore, giving tenants opportune access to major employment, transport, education, recreation, shopping, and medical. * Photos of Completely Update Basement Unit Coming Soon*

Location

State MD

County Baltimore City

Zoning R-6

Interior

Hot Water Natural Gas, Electric

Heating Forced Air

Cooling Central A/C

Flooring Wood

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 5.0

Water Access N

Accessibility None

Total Parking Spaces 5

Garage N

Building

Sewer Private Sewer

Water Public

New Construction N

Schools

Elementary Schools Gwynns Falls

School District Baltimore City Public Schools

Others

Tax ID 0315193263 017

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Private, Conventional

Listing Terms Cash, Private, Conventional

Financing Cash,Private,Conventional

Special Listing Condition Standard

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Listed by Gabriel M Dutton • Keller Williams Gateway LLC

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Nathan Labish

+1(771) 999-4747

Real Estate Agent | License ID: 0225271116

Real Estate Agent License ID: 0225271116

2519 LIBERTY HEIGHTS AVE Baltimore, MD 21215

Nathan Labish

Key Details

Location

Interior

Exterior

Building

Schools

Others

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