1501 Park Avenue

Baltimore, MD
$ 1,075,000 Beds 0 Baths 0 Sq 4,410
Monthly Estimate* How much can I afford?

What Makes this Multi Unit Investment Property in Bolton Hill Special? A great opportunity to own a extensively renovated self contained 7 unit investment property located on a corner lot in the heart of Historic Bolton Hill with culture, architecture, history, entertainment and exceptional food at your doorstep. Multi Unit Apartment Building Property Details Corner lot providing fabulous natural light with windows galore and beautiful high ceilings for a bright and airy space. 7 Unit Income producing property extensively renovated in 2020-2021 Stacked washer/dryer in every unit. 3-one bed and one bath and 4 two bed and one bath units. Renovation just completed, building is vacant and ready for May/June prime Rental season. All kitchens come fully equipped with Stainless steel appliances including 30′ sink, range, refrigerator, and built in microwave, gorgeous white wooden cabinets and granite countertops. Wood laminate flooring in common areas and 12′ ceramic tile flooring in the bathrooms and kitchens. Marble and brick mantles add a rich historic accent to this investment property. Enclosed courtyard located out back perfect for cookouts and relaxing. 6 one-car garages providing extra amenity while boosting positive cash flow. If you are new to Baltimore, check out our webinar on local customs and best practices. Who Pays What Utilities in this Apartment Building Mechanically the building is in great shape! New 800 Amp service into the building with separate new 100 Amp panels in each apartment. Each apartment has its own gas fired furnace and central air conditioning systems. Each apartment has its own 30 gallon hot water heater. All units are separately metered for gas and electric allowing the tenants to pay their own utilities. There is one water meter into the building which can be billed back to the tenants to increase an investor’s return. The building is prewired for Internet service. The roof is torch down rubber, new in 2020. What’s Nearby The premier location of 1501 Park Avenue is one of Baltimore’s best as evidenced by its Walk Score of 82 (“most errands can be accomplished on foot”), its Transit score of 79 (“transit is convenient for most trips”) and its Bike Score of 83 (“excellent bike lanes”). Located on a great tree lined block, The Bolton Hill swim and tennis club is 3 blocks away, Maryland Institute College of Art, MICA, the nation’s third highest rated art school, is just around the corner (1 block). The Light Rail stop is 2 short blocks away and the Baltimore Subway is 3 blocks away. Baltimore’s Penn Station, which AMTRAK services to Boston, New York, Washington DC, and beyond, is a reasonable 6 block walk. Exceptional restaurants, coffee shops and high-end shopping abound within walking distance of this investment property in Bolton Hill.

Commercial

  • Price
  • $ 1,075,000
  • Lot Size
  • 3,049 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 4,410
  • Full Bathrooms
  • 0
  • Year Built
  • 1880
  • Half Bathrooms
  • 0
  • City, Zip
  • Baltimore
  • Taxes
  • $ 9679
  • County
  • BALTIMORE CITY
  • Style
  • Apartment Building
  • Area
  • MLS#
  • MDBA549718
  • Zip
  • 21217
Listing Provided by: Ben Frederick Realty, Inc.
Data Source: Bright MLS

Features

General

Accessibility None
Business Type Apartment Building
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County BALTIMORE CITY
Days on Market 48
Heating Energy Star Heating System
Legal Subdivision Ward 14
Municipality Baltimore City
New Construction No
Ownership Fee Simple
Possession 61-90 Days CD
Price Per Sq Ft 243.76
Property SubType Five Or More Units
Property Type Commercial Sale
Section 01
Sewer Public Sewer
Tax Annual Amount 9679.0
Tax Lot 001
Tax Year 2021
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning R-7

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 4410.00
Car Parking Spaces 6
Lot Size Acres 0.07
Lot Size Source Estimated
Lot Size Square Feet 3000.00
Navigable Water Y/N No
Total Parking Spaces 6
Type of Parking Private Garage, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Ashburn, VA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/5/2021 Listed $1,075,000

Property vs Zip Code Average in 21217

Price
AVG $430K
$1.08M
Taxes
AVG $3,621
$9,679
Visits
AVG 13
13
Year Built
AVG 1916
1880

Map

1501 Park Avenue Baltimore, MD is a Single Family Home for sale at $1075000 with 4410 sqft and a lot size of 3,049 SqFt Acre(s). 1501 Park Avenue Baltimore has 0 bedrooms, 0 baths and was built in 1880. The property's zip code is 21217 which is in Baltimore, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.