1700 Madison Avenue, Baltimore, MD 21217
- $350,000
- 7,560
- SqFt
- Sold Price
- $350,000
- List Price
- $425,000
- Closing Date
- May 15, 2024
- MLS#
- MDBA2105486
- Year Built
- 1920
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 7,560
- Total SqFt
- 7560
- County
- Baltimore City
- Subdivision
- Madison Park Historic District
Property Description
The property has 6 residential units and one retail space. No tenants at the moment. Diverse unit layout: Includes 4 two-bedroom, one-bathroom apartments, 1 one-bedroom unit, and 1 four-bedroom apartment, with potential for improvement. Commercial spaces: The first is ideal for a deli or take-out shop, while the second suits a church or community center. Multiple income streams: Combined residential and commercial units ensure stable cash flow. Ample street parking and easy access to transportation routes. The mixed-use 7-unit property located at 1700 Madison in the 21217 zip code, near MICA (Maryland Institute College of Art), presents an excellent investment opportunity for those looking to expand their real estate portfolio. The property is comprised of both residential and commercial units, allowing for multiple streams of income. MICA alumni, known for their creativity and success, contribute to the vibrant community surrounding this property. The vacant units provide significant potential for increased revenue through renovation and leasing efforts.
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Additional Information
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Federal, Traditional
- Basement
- Yes
- Cooling Fuel
- None
- Cooling
- None
- Heating Fuel
- Natural Gas
- Heating
- Other
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2023
- Possession
- 0-30 Days CD
- Days on Market
- 96
- Ownership
- Other