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This 27-unit mixed-use property, with only one vacant unit, presents a compelling investment opportunity, boasting an 11% cap rate from day one. The property features under-market rents, providing new ownership the ability to increase income and enhance returns further. With significant potential for rental growth, this asset offers an immediate chance to add substantial value. Strategically located near major transit lines, the property benefits from proximity to prominent institutions, including Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, driving strong tenant demand. The surrounding area is rich with amenities, including major banks such as PNC Bank, Wells Fargo, and Bank of America, as well as convenient shopping destinations like The Rotunda Shopping Center and Towson Town Center. The two-story building comprises a mix of retail and office spaces, complemented by dedicated parking in the back. Recent improvements, including a newly updated roof, ensure minimal maintenance costs for years to come. Additionally, the property's Enterprise Zone designation provides valuable tax advantages, further enhancing its appeal to investors.
| DAYS ON MARKET | 2 | LAST UPDATED | 6/13/2025 |
|---|---|---|---|
| TRACT | BELVEDERE SQUARE | YEAR BUILT | 1958 |
| COUNTY | BALTIMORE CITY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| PARKING | On Street, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | BELVEDERE SQUARE |
| TAXES | 31766 |
| UTILITIES | Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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