311 Madison Street Baltimore, MD $ 1,099,000
311 Madison Street
$ 1,099,000
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311 Madison Street

Baltimore, MD, 21201
$ 1,099,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 7,304

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Multi-Family Home for sale in Baltimore, MD

for $1,099,000 with 4 bedrooms. This home was built in 1948 on a lot size of 0.06.

New Listing Alert! Turnkey mixed-use CASH COW available now! Zoned as an apartment hotel with SIX rentable units. THIS IS A COMMERCIAL BUILDING WITH HUGE redevelopment potential on a CONER LOT!!! Don't miss out on this lucrative deal! #RealEstate #InvestmentOpportunity #CashCow Professional pictures coming soon! The current tenants in place for this investment opportunity include a retail restaurant/lounge on the 1st level. The restaurant/lounge has a long-term lease in place, providing a stable source of income. Additionally, there are six rentable units that generate revenue through a hybrid income ratio split between Airbnb, long-term leases, and the restaurant. This diverse mix of tenants ensures multiple streams of income for the property. SOLD AS IS

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Multi-Family Active

Price

$ 1,099,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 6,613

Style

Traditional

Lot Size

0.06

Year Built

1948

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2122616

Features
Interior
Heating Fuel Natural Gas
Flooring Wood Partially Carpeted Tile/Brick
Hot Water Natural Gas
Furnished Units All
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C Ceiling Fan(s)
Possession Negotiable Immediate
Roof Rubber
Zoning 4-1
Architectural Style Traditional
Construction Materials Concrete
School District BALTIMORE CITY PUBLIC SCHOOLS
Exclusions Call for details
Year Built 1948
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality BALTIMORE CITY
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions GPS or across the street from University of Maryland Mid-town campus-hospital
City BALTIMORE
Buyer Agent Compensation 2
Disclosures Owner RE Licensee
NumberOfUnitsTotal 4
Lot Size Units Square Feet
Lot Size Square Feet 2744.00
Waterfront Y/N N
Number of Units Leased 7
Tax Annual Amount 6613.0
Property Condition Very Good
Two Bedroom 0
Structure Type Other
Price Per Sq Ft Total AG 159.28
Vacation Rental Y/N N
Days on Market 59
Lease Type Triple Net Month to Month Yearly Weekly
Standard Status Active
Year Built Source Estimated
Legal Subdivision Ward 11
Tax Lot 033
Cap Rate 9.14
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Pool No Pool
Water Source Public
Inclusions Turn-key apartments-mostly furnished. Common laundry equipment
Type of Parking On Street
Water View Y/N N
Lot Size Acres 0.06
Lot Size Source Estimated
Road Responsibility City/County
Land Assessed Value 123400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 311
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* Excluded Features
List By
Re/Max Allegiance

Broker

myrealtorchristine1@gmail.com

Email

Affordability Calculator

$7,855
Per Month
93%
7%
0%
Monthly Principal & Interest
$7,304
Monthly Property Taxes
$551
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3533253 Elementary School
3533153 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2024$1,099,000 -8.34% Price Down
4/23/2024$1,199,000 Listed Price

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311 Madison Street, Baltimore, MD, 21201 is a Multi-Family Home for sale at $1,099,000 with a lot size of 0.06. 311 Madison Street has 4 bedrooms, 0.0 baths, and was built in 1948. The property's zip code is 21201 which is in Baltimore, MD