869 Hollins Street Baltimore, MD $ 780,000
869 Hollins Street
$ 780,000
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869 Hollins Street

Baltimore, MD, 21201
$ 780,000
Baths0.0 Sq 6,958

Monthly Estimate*

$ 5,184

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Studio

Commercial Property for sale in Baltimore, MD

for $780,000. This 6,958 square foot building was built in 1900 on a lot size of 0.06.

Highlights: 600 From University of Maryland BioTech Park, Employing Over 1,000 Highly Educated Professionals Seeking Housing Nearby Their Place of Employment. 3 Blocks Away From University of Maryland, Whose Student Body of 6,300+ Graduate Students Creates High Demand for Housing. Opportunity to Increase Rents Through Apartment Upgrades. Hollins Market Neighborhood is Considered One of the Most Convenient Neighborhoods in Baltimore City By LiveBaltimore.com, with Easy Commuting for Both Landlords and Tenants. Two townhouses combine to provide stable cash flow from 8 apartments. These buildings are fully leased, with some generational tenants paying below market rent, leaving room to improve annual returns. Studio apartments have durable laminate flooring throughout large living/sleeping areas. Kitchenettes feature wood cabinets, easy-to-maintain laminate counters, and a mix of 20 electric or gas ranges. Bathrooms boast modern vanities with steel tubs or showers. Two studios have new modern, LVP flooring. The one-bedroom apartment has wall-to-wall carpeting and a similar kitchen and bath. The first-floor apartments are larger with new hardwood flooring. 869 Hollins encompasses the entire first floor, with 2 bedrooms and 2 bathrooms. 871 Hollins comprises two stories with 3 bedrooms and 2 bathrooms. Kitchens have wood cabinets, laminate counters, and 30 gas ranges. Tenants in seven apartments can use the free, shared laundry in the basement of 871. The first-floor apartment in 871 Hollins has an in-unit, stacked washer and dryer. Two separate, legal lots, zoned for eight dwelling units. This Hollins Market 8-unit has some recent updates, including 3 central gas-fired water heaters. Tandem 40-gallon and 50-gallon units, replaced in 2018 and 2023, respectively, serve 869 Hollins. A 30-gallon water heater installed in 2021 serves 871 Hollins. 869 Hollins is heated by a central Columbia gas-fired boiler with radiator heat. The first-floor apartment of 871 Hollins has a Gibson gas-fired boiler with central air conditioning. Second and third-floor apartments in 871 have electric baseboard heat. Seven units provide their own window air conditioners. The landlord pays for all water and sewer charges, in addition to public service electric and heating fuel, as well as the utilities for 5 apartments. Separating utilities or establishing a utility bill-back system would further enhance cash flow. Tenants in this Hollins Market investment property enjoy living in one of the most convenient areas of the City, according to LiveBaltimore.com. Martin Luther King Jr Boulevard provides access to most major connections for traveling in and around the Baltimore metro area. BWI Airport and Penn Station can both be accessed within a 20 minute drive. The B&O Railroad Museum, a popular tourist destination and event venue, is 3 blocks southwest. The areas close proximity to the BioPark and University of Maryland Graduate Schools ensures consistently high rental demand due to the ongoing expansion of educational facilities.

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Commercial Pending

Price

$ 780,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,089

Style

Apartment Building

Lot Size

0.06

Year Built

1900

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2123352

Features
Interior
Heating Fuel Natural Gas Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air Radiator Baseboard - Electric
Cooling Window Unit(s) Central A/C
Possession Settlement Subject to Existing Lease
Roof Built-Up
Zoning R-8
Construction Materials Brick
Exclusions Tenant'a possessions excluded.
Year Built 1900
Property SubType Five Or More Units
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Apartment Building
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name HOLLINS MARKET
Water Access Y/N N
Status PENDING
Directions GPS
City BALTIMORE
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - State
Zoning Description Licensed for 8 Dwelling Units.
NumberOfUnitsTotal 8
Lot Size Units Square Feet
Lot Size Square Feet 2640.00
Waterfront Y/N N
Tax Annual Amount 6089.0
Price Per Sq Ft Total AG 159.84
Vacation Rental Y/N N
Days on Market 47
Standard Status Pending
Year Built Source Assessor
Legal Subdivision Ward 18
Tax Lot 038
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions 8 stoves of various sizes; 8 refrigerators; one stacked washer and dryer; one full sized-washer and full-sized dryer
Type of Parking None
Water View Y/N N
Building Area Total 4880.00
Lot Size Acres 0.06
Lot Size Source Estimated
Land Assessed Value 60000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 869
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* Excluded Features
List By
Ben Frederick Realty, Inc.

Broker

will@benfrederick.com

Email

Affordability Calculator

$5,692
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,184
Monthly Property Taxes
$507
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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2024$780,000 Listed Price

Map


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869 Hollins Street, Baltimore, MD, 21201 is a Commercial Property for sale at $780,000 with 6,958 sqft and a lot size of 0.06. 869 Hollins Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 21201 which is in Baltimore, MD