!! INVESTORS DREAM SHOVEL READY 42-UNIT APARTMENT BUILDING located IN BALTIMORE !!
Discover this city approved 42-unit multifamily residential development located at 804 N Franklintown Road, featuring 42 -unit apartments and 33 parking spaces beneath three residential stories. This shovel-ready project includes detailed architectural drawings, allowing you to secure your own building permits and start construction. All necessary variances have been secured, ensuring this project is ready for permits and for construction. The building is located 3 miles from downtown Baltimore and less than 2 miles to highway 95.
This project has a potential to generate a minimum amount of $71,000 up to $84,000 per month and maybe more depending on the final finishes.
That's a potential between $1,008,000.00 ANNUALLY!!
Please note, the project is currently at the land where a run-down building needs removal to make way for this transformative development opportunity. For your safety, please don't enter the property.
Enclosed are renderings and architectural documents for your review and analysis. Seller has hired Jerryn J. McCray, Architect , located in Baltimore to design the project and who is looking forward to collaborate with you to bring this project to completion. Bring us your best offer, as we are looking forward to work with you.
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Listing Snapshot
Price
$1,680,000
Days Online
26 Days
Bedrooms
N/A
Inside Area (SqFt)
53,631 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.75 Acres
Year Built
1940
MLS® Number
MDBA2133304
Status
Active
Property Tax
$5,664
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 weeks ago
Listing first seen online
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.75
Number Of Stories
3
Parking Spaces
33
Property Condition
New Construction
Sewer
Public Sewer
SqFt Total
53631
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Cooling
Central Air
Heating
CentralElectric
Interior
Elevator
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Exterior Features
Construction Details
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City
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City
Listing courtesy of Monument Sotheby's International Realty 4438509968
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