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Marjorie Dick Stuart

  • Cell 240-731-8079
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1400-1402 Madison Ave, BALTIMORE, MD – $650,000

  • $650k Price
  • 4,200 Sqft
  • 179 DOM
  • $650k Price
  • 4,200 Sqft
  • 179 DOM

1400-1402 Madison Ave

Located on an oversized corner lot between Upton and Bolton Hill, this 4200+ SQFT 7-unit apartment complex features 5 updated 1 BD / 1 BA units, 1 updated 2 BD / 1 BA unit, and 1 1 BD / 1 BA unit to be turned over (est 20k). Two of the 1 BD / 1 BA units have dedicated entrances with one ADA. Separately metered. Owner responsible for common area electric, water and trash. Professionally managed at 10% with ABLE Capital. Gross scheduled $87,000. Annual trash $4400. Annual insurance $4600. Water avg $250/mo. Garage month-to-month at $200, can be conveyed vacant. Current ownership is in the process of turning over building which presents a unique opportunity for an incoming buyer to add value, stabilize the property, and determine tenancy. Both third floor units rented to long-term tenants for $1,050 and $1,100 respectively. Remaining 5 units have been vacated.

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Essential Information

  • MLS® #MDBA2127228
  • Price$650,000
  • Bathrooms0.00
  • Square Footage4,200
  • Acres0.00
  • Year Built1920
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address1400-1402 Madison Ave
  • CityBALTIMORE
  • CountyBALTIMORE CITY-MD
  • StateMD
  • MunicipalityBaltimore City
  • Zip Code21217

Interior

  • HeatingRadiator
  • CoolingOther, Window Unit(s)

Exterior

  • ExteriorBrick and Siding
  • RoofRubber

School Information

  • DistrictBALTIMORE CITY PUBLIC SCHOOLS

Additional Information

  • Date ListedMay 30th, 2024
  • Days on Market179
  • ZoningR-7

Listing Details

  • OfficeRE/MAX Advantage Realty
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Price Change History for 1400-1402 Madison Ave, BALTIMORE, MD (MLS® #MDBA2127228)

Date Details Price Change
Price Reduced (from $675,000) $650,000 $25,000 (3.70%)

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Listing information last updated on November 24th, 2024 at 5:15am CST.