$ 450,000
2617 E FAYETTE ST Baltimore, MD 21224
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 450,000
Est. payment /mo
Active
2617 E FAYETTE ST Baltimore, MD 21224
6,762 SqFt
UPDATED:
11/14/2024 07:01 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,762 sqft
Price per Sqft $66
MLS Listing ID MDBA2142336
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,172
Tax Year 2024
Lot Size 3,087 Sqft
Acres 0.07
Property Description
This is a great investment opportunity for a potential 10% Cap rate with this mixed use property.
The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment and 2617 is the bottom floor of both units set up for office space, but could easily be converted to a residential apartment. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining offices, 1 bathroom, a full kitchen, and a large open space, the opportunities in this space are endless! There is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is$150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.
The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment and 2617 is the bottom floor of both units set up for office space, but could easily be converted to a residential apartment. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining offices, 1 bathroom, a full kitchen, and a large open space, the opportunities in this space are endless! There is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is$150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0306151710 037
Ownership Ground Rent
SqFt Source Assessor
Special Listing Condition Standard
Listed by Saul Kloper • EXIT On The Harbor Realty
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