For Sale

Listed by Linda Min and Saurabh Vasudeva from Samson Properties

Source: Bright MLS #MDBA2090222

1712 Madison Avenue, Baltimore, MD, 21217

$500,000

6
2520 sq. ft.

Other

30+ days on the market

What's around 1712 Madison Avenue

About this property

Great 6 unit building one block from Bolton Hill with a ton of upside potential. 3 out of 6 units were fully renovated in 2023. An estimated solid 8% + cap rate property. All plumbing and electrical was updated in 2008, gas fed forced air units replaced within the last few years. Great unit mix; (2) 2 bedrooms, (1) 1 efficiency, and (3) 1-bedroom units. With separate meters the tenants pay all their own utilities, which makes this a great income generating property for the owner. 3 of the 6 units are currently on month-to-month leases. Recently enhanced units and common areas but there still room to improve. Possibility to increase property value/income by adding laundry and/or storage areas to the basement. Walking distance to Maryland Institute College of Art (MICA), one of the country's premier art schools, with an enrollment of 3,500. Other Nearby Colleges: University of Baltimore, Johns Hopkins University, Coppin State University, Baltimore City Community College. Nearby Development Projects: Madison Park North ($120M mixed-use redevelopment), Penn Station. ($90M mixed-use redevelopment) Being sold as is.

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