5527 RITTER AVE #2 Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21206
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Frankford
MLS Listing ID MDBA2127418
Annual Tax Amount $526
Tax Year 2024
Lot Size 0.280 Acres
Property Description
Deal of a Lifetime. Seller needs funds for another project and says, "Sell!" The hard work has all been completed, with over $50,000 invested in development work. See uploaded Completed Subdivision, Architectural Drawings, Site Plan, and Plat. The plans are for beautiful townhomes that are 20ft wide, 40ft long, and 3 stories tall. Each townhome includes 4 bedrooms, 3.5 bathrooms, a master suite, laundry, garage, and bonus deck. Smaller new construction townhomes have sold for $400K+ and could easily result in a potential $1,600,000 sell-out. The only reason the seller does not have building permits in hand is that he does not want to start the clock ticking on the construction timeline yet. This is a great opportunity to build today, but it's also cheap enough to buy and hold while prices continue to increase, potentially leading to a larger profit down the road. Don't miss out. Take a look at the uploaded documents! This deal will not sit. Purchases must be cash or equivalent, with non-contingent contracts. Do you have a property to sell? Participate in our Trade-Up Program, and we will buy yours for cash!* Schedule a tour today!
Location
State MD
County Baltimore City
Zoning RESIDENTIAL
Exterior
Waterfront N
Water Access N
Building
Lot Description Level,Additional Lot(s)
Sewer Public Hook/Up Avail
Water Public Hook-up Available
Schools
School District Baltimore City Public Schools
Others
Acceptable Financing Cash,Bank Portfolio,Conventional
Listing Terms Cash,Bank Portfolio,Conventional
Special Listing Condition Standard