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2500 Fait Avenue

BALTIMORE, MD 21224
  • $450,000
  • STATUS: Active
  • ON SITE: 60 Days
  • ID#: MDBA2038678
UPDATED: 60 min ago
$450,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

What makes this mixed use investment property special?A great opportunity to own a value add 5 unit investment property with the bustling Canton waterfront a short 3 block walk away with all its shops, restaurants and waterfront park. The property cash flows in its current form, but the 4200 sq. ft. corner property offers numerous value add opportunities in a great location.Property details of this mixed use investment property:The building make up is 2 retail spaces that front on Fait Avenue and 2 one bedroom, one bathroom apartments and 1 large two bedroom, one bathroom apartment that are accessed on Melvin St. The retail units are both approximately 750 sq. ft. One is currently occupied by an accounting office, the other, with a little work, could be ready for the next tenant to add to investor cash flow and returns. All apartments are currently occupied with long term tenants. The second floor apartment is huge! It runs the entire depth of the building with formal dining room, great living space, private rear deck and great light. The third floor apartment is bright and airy with windows abound! All kitchens have gas ranges, refrigerators, stain-less steel sinks. The second floor apartment has an in unit washer/ dryer.Who pays what utilities for this investment property?Heat is provided by a central 2015 Columbia gas fired steam boiler with radiiators. The property has a 50 gallon gas fired hot water heater. The landlord currently pays for the heat and the hot water. A savvy landlord could pass these costs through to increase cash flow and returns.The property is seperately metered allowing the tenants to pay for their own gas (cooking gas) and electric. The landlord pays for water then bills back to the tenants.What+GGs nearby?The location of 2500 Fait Avenue is one of the highlights of the property. The property receives a Walk Score of 89 out of 100 and a Bike Score of 83 out a 100 with Patterson Park a short walk/bike to the north and the Canton Waterfront a short walk/bike to the south. The neighborhood is popular with young professionals and is family friendly with the Canton Waterfront Park a great place throw down a blanket and enjoy the waterfront.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Mackintosh Realty Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T08:51:00.55.
www.sunrisehomesalesteam.com/homes/127145156
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2500 Fait Avenue BALTIMORE, MD 21224

  • Price: $450,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 60 min ago
  • ID#: MDBA2038678
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
What makes this mixed use investment property special?A great opportunity to own a value add 5 unit investment property with the bustling Canton waterfront a short 3 block walk away with all its shops, restaurants and waterfront park. The property cash flows in its current form, but the 4200 sq. ft. corner property offers numerous value add opportunities in a great location.Property details of this mixed use investment property:The building make up is 2 retail spaces that front on Fait Avenue and 2 one bedroom, one bathroom apartments and 1 large two bedroom, one bathroom apartment that are accessed on Melvin St. The retail units are both approximately 750 sq. ft. One is currently occupied by an accounting office, the other, with a little work, could be ready for the next tenant to add to investor cash flow and returns. All apartments are currently occupied with long term tenants. The second floor apartment is huge! It runs the entire depth of the building with formal dining room, great living space, private rear deck and great light. The third floor apartment is bright and airy with windows abound! All kitchens have gas ranges, refrigerators, stain-less steel sinks. The second floor apartment has an in unit washer/ dryer.Who pays what utilities for this investment property?Heat is provided by a central 2015 Columbia gas fired steam boiler with radiiators. The property has a 50 gallon gas fired hot water heater. The landlord currently pays for the heat and the hot water. A savvy landlord could pass these costs through to increase cash flow and returns.The property is seperately metered allowing the tenants to pay for their own gas (cooking gas) and electric. The landlord pays for water then bills back to the tenants.What+GGs nearby?The location of 2500 Fait Avenue is one of the highlights of the property. The property receives a Walk Score of 89 out of 100 and a Bike Score of 83 out a 100 with Patterson Park a short walk/bike to the north and the Canton Waterfront a short walk/bike to the south. The neighborhood is popular with young professionals and is family friendly with the Canton Waterfront Park a great place throw down a blanket and enjoy the waterfront.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5955.00 Cooling Window Unit(S) Heating Radiator Heating YN Yes Net Square Feet 4210.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Professional Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water 60+ Gallon TankNatural Gas Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 801429006788 Ownership Interest Fee Simple Possession 31-60 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8093.00 Tax Assessment Amount 364067.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning R-8

Listing courtesy of Ben Frederick Realty, Inc..


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Mackintosh Realty Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T08:51:00.55.
 
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Mackintosh Realty Inc
262 W Patrick Street
Frederick MD, 21701