400-402 PITMAN PL Active

Baltimore,MD 21202

$ 430000

8 Beds

4 Baths

0 SqFt


Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID MDBA2136270

Style Other

Bedrooms 8

Full Baths 4

Year Built 1920

Annual Tax Amount $3,073

Tax Year 2024

Property Description

*INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92? of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140,000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Natural Gas

Heating None

Cooling None

Exterior

Waterfront N

Water Access N

Roof Type Rubber

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Baltimore City Public Schools

Others

Special Listing Condition Standard

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