Introducing 1700 Madison Ave, Baltimore, MD 21217 - an exceptional investment opportunity! This remarkable property presents a versatile 8-unit mixed use building boasting 6 spacious apartments and 2 expansive commercial spaces, perfectly situated on the corner of Madison Ave. All units are vacate and need work.
Features of the property include:
Versatile Layout: 1700 Madison offers a diverse range of units, including 4 two-bedroom, one-bathroom apartments, 1 one-bedroom, one-bathroom apartment, and 1 four-bedroom, one-bathroom apartment. While the units require updating, they provide an opportunity for improvement to achieve rent-ready status.
Commercial Spaces: The two commercial spaces on the ground floor offer endless possibilities. The first commercial space is perfectly suited for a deli or a take-out shop. The second commercial space is well-suited for use as a church or community gathering center, providing a welcoming and spacious environment for worship and community connection.
Investment Potential: With a combination of residential and commercial units, this property offers multiple streams of income, ensuring a stable and consistent cash flow. Renovating and updating the units will enhance their appeal, attract higher-quality tenants, and maximize rental income.
Parking and Accessibility: The property features ample street parking space, providing convenience for both residents and customers. Additionally, its proximity to major transportation routes ensures easy access to other parts of Baltimore and beyond.
Don't miss this incredible opportunity to own an 8-unit commercial building with 6 apartments and 2 commercial spaces at 1700 Madison Ave, Baltimore, MD 21217. The prime location, versatile layout, and investment potential make this property a standout choice for investment in Baltimore. While the units require updating to achieve rent-ready status, the opportunity for customization and increased rental income is vast. Contact us today to schedule a private viewing.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 23rd September, 2023 5:14 PM (UTC)