1502 W Mount Royal Avenue, Baltimore, MD 21217

$500,000
3,978
SqFt

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Sold Price
$500,000
List Price
$475,000
Closing Date
Jan 24, 2024
MLS#
MDBA2107522
Year Built
1880
Status
CLOSED
Type
Multifamily
Living Area
3,978
Total SqFt
3978
County
Baltimore City
Subdivision
Bolton Hill Historic District

Property Description

BEST & FINAL OFFERS DUE BY 5PM ON 12/26. Welcome to 1502 Mt Royal Ave, a distinguished three-unit apartment building situated in the picturesque neighborhood of Bolton Hill. This property offers an outstanding opportunity for investors or owner-occupants seeking a prime real estate investment in a desirable location. The first floor apartment is a 1 - 2 bedroom unit depending on how tenant wants to configure it. The second and third floor apartments have two - three bedrooms depending on configuration. Modern kitchens, and baths, providing comfortable and contemporary living spaces. Formerly utilized as dorm housing for MICA students, this property offers versatile potential for various residential uses. The property comes with two parking spaces and a backyard. There are no rent rolls, P&L etc. This was a dorm for MICA. All the units are separately metered for gas and electric, and a public meter for common area electric. Nestled in Bolton Hill, residents will appreciate the easy access to a variety of amenities, including cafes, restaurants, and parks. The proximity to Penn Station provides convenient transportation options, including the MARC Train to DC, Amtrak to Philly or NYC, and the Light Rail to BWI, enhancing the connectivity of the neighborhood. This desirable neighborhood offers a perfect blend of urban convenience and community charm, creating an appealing living environment for all. Whether you're considering it as an investment opportunity or a new place to call home, 1502 Mt Royal Ave presents endless possibilities for investors and potential owner-occupants looking to offset their monthly expenses. The property is located in a CHAP Historic District and it is subject to the Midtown Special Benefits District Surcharge Tax. Buyer to verify zoning with Baltimore City. There is no past rent roll for this property. It was a dormitory for MICA students. Property is delivered vacant, with no tenants. Don't miss the chance to explore the potential of this exceptional property in Bolton Hill. Schedule a showing today and discover the allure of 1502 Mt Royal Ave.

Additional Information

Elementary School
Mount Royal Elementary-Middle School
Other Structures
Above Grade, Below Grade
Structure List
Above Grade, Below Grade
Style
Traditional
Cooling Fuel
Electric
Cooling
Central A/C
Heating Fuel
Natural Gas
Heating
Radiator
Hot Water
Natural Gas
Sewer Septic
Public Sewer
Water
Public
Tax Year
2022
Possession
Settlement
Days on Market
8
Ownership
Ground Rent

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Compass. Contact:

Selling Office: .