804 N FRANKLINTOWN RD Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21216
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 53,631 sqft
Price per Sqft $19
MLS Listing ID MDBA2133304
Year Built 1940
Annual Tax Amount $5,664
Tax Year 2024
Lot Size 0.750 Acres
Property Description
Explore this 42-unit multifamily residential development project located at 804 N Franklintown Road in Baltimore, MD. The project is designed to include 42 apartment units and 33 parking spaces. Please note that this property has not yet been constructed. You will need to secure your own building permits to initiate construction.
The project comes with detailed architectural drawings and all necessary variances have already been obtained, ensuring it is ready for the permitting process. The site is conveniently located just 3 miles from downtown Baltimore and less than 2 miles from Highway 95.
Once completed, this project has the potential to generate monthly revenue between $71,000 and $84,000, or even more, depending on the final finishes. Please do your own due diligence.
Please be advised that the property currently features a rundown building that must be removed to facilitate this transformative development opportunity. For your safety, do not enter the property.
Enclosed are renderings and architectural documents for your review and analysis. The seller has hired Jerryn J. McCray, an architect based in Baltimore, to design the project and he is looking forward to collaborate with you to bring this vision to fruition.
We welcome your best offers and look forward to working with you on this exciting opportunity.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Exterior
Garage Spaces 33.0
Waterfront N
Water Access N
View City
Roof Type Flat
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Baltimore City Public Schools
Others
Acceptable Financing Cash,Contract,Other
Listing Terms Cash,Contract,Other
Special Listing Condition Standard