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    218 W Monument Street

    BALTIMORE, MD 21201
    • $1,499,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: MDBA525598
    UPDATED: 30 min ago
    $1,499,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This Area is Hot for Tenants. Located in the sought-after Mount Vernon neighborhood this 11 unit building features hardwood floors, high ceilings, expansive windows and close to everything downtown - shopping, restaurants, bars, Universities, Hospitals and light rail transportation.Just 1/2 block away The University of Maryland Medical Center and School of Medicine Midtown Campus are building a $56 million 10-story, 200,000-square-foot Outpatient care center Coming in 2021.This huge 3 story approx. 9,000 sq. ft. Multi-Unit building is comprised of 2-1BR units and 9 Studio apartments. One of the 1BR units is located in the front with a separate entrance and is an ideal Airbnb rental which would allow you to maximize your rental income. Units Recently renovated. All separately metered. Average rents are $800 which are considered below market so this is an excellent value-added opportunity. Historically, the buildings occupancy remains 95 percent, well in line with Mount Vernon, and in the event a unit turns over there is minimal loss to vacancy.The neighborhood of Mount Vernon is in the heart of Baltimore and provides easy access to area employers, mass transit, retail, and entertainment. The University of Baltimore is a five-minute drive north, The Patricia & Arthur Modell Performing Arts Center at The Lyric six minutes north, Joseph Meyerhoff Symphony Hall three minutes north, Penn Station six minutes north, The Walters Art Museum, Peabody Institute and George Washington Monument two minutes south, the Inner Harbor eight minutes south , Johns Hopkins University ten minutes north and the Maryland Historical Society and museum is directly across the street.This is a rare opportunity to own a 11 unit building where everyone wants to work and live to enjoy the best of Baltimore.

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    ©2020 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 The Redux Group | Keller Williams. 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: 2020-10-23T17:52:55.88.
    dmv.thereduxgroup.com/homes/110352523
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    218 W Monument Street BALTIMORE, MD 21201

    • Price: $1,499,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: MDBA525598
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    This Area is Hot for Tenants. Located in the sought-after Mount Vernon neighborhood this 11 unit building features hardwood floors, high ceilings, expansive windows and close to everything downtown - shopping, restaurants, bars, Universities, Hospitals and light rail transportation.Just 1/2 block away The University of Maryland Medical Center and School of Medicine Midtown Campus are building a $56 million 10-story, 200,000-square-foot Outpatient care center Coming in 2021.This huge 3 story approx. 9,000 sq. ft. Multi-Unit building is comprised of 2-1BR units and 9 Studio apartments. One of the 1BR units is located in the front with a separate entrance and is an ideal Airbnb rental which would allow you to maximize your rental income. Units Recently renovated. All separately metered. Average rents are $800 which are considered below market so this is an excellent value-added opportunity. Historically, the buildings occupancy remains 95 percent, well in line with Mount Vernon, and in the event a unit turns over there is minimal loss to vacancy.The neighborhood of Mount Vernon is in the heart of Baltimore and provides easy access to area employers, mass transit, retail, and entertainment. The University of Baltimore is a five-minute drive north, The Patricia & Arthur Modell Performing Arts Center at The Lyric six minutes north, Joseph Meyerhoff Symphony Hall three minutes north, Penn Station six minutes north, The Walters Art Museum, Peabody Institute and George Washington Monument two minutes south, the Inner Harbor eight minutes south , Johns Hopkins University ten minutes north and the Maryland Historical Society and museum is directly across the street.This is a rare opportunity to own a 11 unit building where everyone wants to work and live to enjoy the best of Baltimore.
    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 9000.00 Cooling Window Unit(S) Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 9000.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 11 Original MLSNumber 304314376019 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Section 10 Sewer Public Sewer Tax Annual Amount 13312.00 Tax Assessment Amount 568167.00 Tax Lot 009 Vacation Rental YN No Water Source Public Zoning Or-2

    Listing courtesy of Blue Star Real Estate, Llc.


    ©2020 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 The Redux Group | Keller Williams. 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: 2020-10-23T17:52:55.88.
     
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