$4,500,000

311 W Baltimore St, Baltimore, MD, 21201

39,680

Square feet

0.13

Acres

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. Seller has Used Lower Level 2,500 sq. ft. Retail Space and Basement Storage for Seller’s Office and Storage and will Sign New 1 Year Lease for Retail Space with Buyer to Facilitate Financing. Options abound for an Ideal Future 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 10 Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!

Facts & Features

MLS® # MDBA2060854
Price $4,500,000
Bathrooms 0.00
Square Footage 39,680
Acres 0.13
Year Built 1907
Type Commercial Sale
Sub-Type Five Or More Units
Status Active

Community Information

Address 311 W Baltimore St
Subdivision DOWNTOWN
City Baltimore
County BALTIMORE CITY-MD
State MD
Municipality Baltimore City
Zip Code 21201

Amenities

Parking Private
View City
Is Waterfront No

Interior

Heating Central, Forced Air, Heat Pump(s)
Cooling Heat Pump(s)
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding, Concrete/Block
Roof Composite, Rubber
Foundation Block, Brick/Mortar

School Information

District BALTIMORE CITY PUBLIC SCHOOLS

Additional Information

Date Listed October 4th, 2022
Days on Market 55
Zoning C-5DC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeExecuHome Realty

Listing Map

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