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First Heritage Realty Alliance

fhra@firstheritagerealty.com +1(267) 525-7900

$ 4,500,000

Est. payment -/mo

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Active

311 W BALTIMORE ST Baltimore, MD 21201

39,620 SqFt

UPDATED:

09/26/2024 02:02 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 39,620 sqft

Price per Sqft $113

Subdivision Downtown

MLS Listing ID MDBA2060854

Originating Board BRIGHT

Year Built 1907

Annual Tax Amount $55,042

Tax Year 2024

Lot Size 5,659 Sqft

Acres 0.13

Property Description

Insane Opportunity for 8% Cap Rate! Never Meant to Be Sold. Owner Re-Built to Last for a Lifetime. Now, Liquidating Portfolio and Must Sell! Pre-Construction Appraisal at 6.3M and Now Offered at 4.5M! Rare Combination of Cash Flow, Immediate Equity and Renovated, Turn Key Condition. Building was taken down to its Reinforced Concrete Frame and the Rebuilt in 2016. 5 Story Atrium was added maximizing Natural Light to all Apartments. All Systems are New including 240 Volt 1600 AMP 3 Phase Electric, Plumbing throughout, Heat Pumps, Plumbing and Elevator with Battery Back Up. 100% LEAD FREE Inside and Out, ABSESTOS FREE and ADA Compliant! Incredibly Rare 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty good through 2036. ISO Exterior Roof Insulation – allows exposed beams in elevated 5th Floor Ceilings. Garage ductwork with automatic CO2 detection and ventilation system. Fire Alarm and Sprinkler Systems. Vaults under the sidewalk reinforced with massive steal metal work. Wide Hallways with Rows of Windows letting in Natural Light and Motion Sensing Electricity Saving Lightbulbs. Concrete, Damage Proof Staircases, Wide landings with Original Hardwood Floors, Salvaged Historic Metal Panels, 100k in Ornamental Ironwork on Windows alone and Hallways of Acid Washed Exposed Brick Walls. The apartment designs defied the standards of maximizing the number of units and instead maximized space, comfort and desirability of each residence. Loft feel with 10ft – 16ft high ceilings, Real Hardwood Floors throughout, Exposed Brick Accent Walls, Metal Doors, Double Wide Bedroom Closets, Large almost floor to Ceiling Windows and Full Size Washers and Dryers in Every Unit. Kitchens boast Solid Wood Cabinets, Brazilin Granite Counters, SS Appliances, Islands and Flow into Large Open Living Rooms. Bathrooms are Calcatta Mable with Black Granite Stars and Inlays. See Floor Plans and link to 3D Virtual Tours. The 1BD Apartments are approximately 875 sq. ft. 8’9”x 9’8” bathrooms, 14’3”x 12’7” Bedrooms 27’6” x 16’9” Open Kitchen and Dining Area. 2BD 2BA Apartments are approximately 1,336 sq. ft. with even larger living spaces. These units are of a totally different quality then other buildings with pigeon whole apartments with inferior finishes and the Rental Income Proves It! Attract Great Tenants and Enjoy High Rent, Low Turn Over and Minimal Maintenance. Main Level 2,500 sq. ft. Commercial Space is tenant occupied. Options abound for a Future Franchise tenant: Wallgreens, 7/11, McDonalds, M&T Bank and a dozen restaurants are within 2 blocks. Incredible Downtown Location half a block from the Hippodrome and Royal Farm Arena and Blocks from Camden Yards, University of MD Medical Center and the Inner Harbor Waterfront. Gain Additional Income from the 11 Garage Parking Spaces and 11 Very Large Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!

Location

State MD

County Baltimore City

Zoning C-5DC

Interior

Hot Water Electric

Heating Central, Forced Air, Heat Pump(s)

Cooling Heat Pump(s)

Flooring Hardwood, Ceramic Tile, Marble

Heat Source Electric

Exterior

Garage Spaces 11.0

Waterfront N

Water Access N

View City

Roof Type Composite,Rubber

Accessibility 48\"+ Halls, Elevator

Parking Type Private Garage

Total Parking Spaces 11

Garage N

Building

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0304100643 008

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Fire Detection System,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

Listed by Dimitrios Lynch • ExecuHome Realty

First Heritage Realty Alliance

+1(267) 525-7900

First Heritage Realty Alliance

311 W BALTIMORE ST Baltimore, MD 21201

Key Details

Location

Interior

Exterior

Building

Schools

Others

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311 W BALTIMORE ST