2519 Liberty Heights Ave - Apartments FOR SALE


Baltimore, MD 21215
$690,000 USD
443-318-8800
2519 Liberty Heights Ave, Baltimore, MD for Sale
$690,000 USD
Apartments - FOR SALE
1/94
null | 9.5% Cap Rate

2519 Liberty Heights Ave
Baltimore, MD 21215


HIGHLIGHTS

  • close to public transport
  • gated parking lot, ample street parking
  • Business Center / Common Office
  • the building features a 5-meter stack plus common utilities
  • bonus storage space that could be utilized as a gym or common area creating additional cash flow opportunities.

OVERVIEW

Incredible opportunity to own this newly rehabbed and converted legally-zoned 5 unit multifamily property with R6 Zoning. Building features & amenities include: full building sprinkler system, gated paved and lined parking lot, abundant street parking, common area conference/business center, coin laundry, self-contained units, rear decks, and large walk-out lower level storage / common area. Approx 5,200 sf of income production potential. Unit descriptions: Unit 1: 2br 1ba main floor. Unit 2: 2br 1ba upper floor. Unit 3: 1br 1ba main floor. Unit 4: 1br 1 ba upper floor. Unit 5: 1 br 1ba Lower-level walk-out 900+ sf large enough to add a second bedroom. All units delivered vacant allowing new owner full control over income and tenant selection. The rehab and conversion of the building is brand new and current owner is working on final sign-off and U&O Certificate. Additional potential income upside over and above the base rent: Parking space rental, business center rental, coin laundry income, large lower-level common area rental, and storage locker rental. Large roofline allows an investor the potential to jump on the solar installation bandwagon and sell to the grid or to the tenants. Conveniently located, occupants are a quick walk from the Mondawmin transit plaza, providing quick access to the city via metro subway and local buses. The Mondawmin Mall and The Village at Mondawmin Community center, a three-story complex with over 100 specialty stores and a large grocery store serves the immediate neighborhood. Liberty Road is lined with booming retail. Druid Hill Park, a 745-acre oasis and home to the Maryland Zoo and Rawlings Conservatory & Botanical Gardens, is just a 7-minute walk from the property. Straight shot to I-695 via liberty road, and a short commute to I-83 and Downtown Baltimore, giving tenants opportune access to major employment, transport, education, recreation, shopping, and medical.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

5

PRICE/UNIT

$138,000

CAP RATE

9.5%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R6

APN/PARCEL ID

3263-017

ASK ABOUT THIS PROPERTY

Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

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Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.