$143.42 Per Sq Foot $3,218 est/mo Sourced by Back At You

1520 Madison Ave,Baltimore, MD 21217

Baltimore MD, 21217

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Description

Highlights: Pick Up Where Seller Left Off at Discounted Price: Gut-to-Stud Renovation 75% From Completion Less Than 1 Mile to Reservoir Square, A $1,000,000 Mixed-Used Community in Development High-End Finishes Attract Quality Tenants Stellar WalkScores: Deemed a Walker’s Paradise with Excellent Transportation. Apartment interiors boast high-end finishes that tenants desire, mostly completed with new stainless-steel appliances in the kitchens, which include 30 electric ranges, over-the-range microwaves, modern stainless sinks with faucets, and garbage disposals. The bathrooms feature sleek modern vanities and either vinyl shower stalls or tubs, all with designer ceramic tile surround. Durable vinyl plank flooring throughout the apartments not only ensures longevity for landlords but also offers tenants easy-to-clean surfaces. Each apartment includes a stacked washer and dryer for convenience. While common area hallways and ceilings retain their plaster, apartment interiors now feature new drywall with recessed lighting. This Madison Park 6-Unit stands as an all-electric building with separate metering, allowing tenants to control their environments and pay utility bills directly to providers. Each unit receives 150 amps of power and is equipped with in-unit wall-mounted electric heat pumps and central air conditioning. High-performance electric Rheem 6-gallon or Steibel 4-gallon water heaters serve each unit, with suitable plastic water supply lines and PVC drain lines. Vinyl replacement windows have been installed in the rear, while original wood frame windows remain in the front. Interior water supply lines are plastic; interior drain lines are PVC. Windows in the rear have been upgraded to vinyl replacement, while original wood frame windows remain on the front. Madison Park 6-Unit Punch List:Zoning has approved the permit for 6 dwelling units.Framing and insulation permit complete and approved.Plumbing, mechanical and gas permits need to be re-filed, completed and finalized.Electric and building permits are valid through August 2024 and need to be finalized.The main water supply line has been upgraded to serve the required fire suppression system. The sprinkler system is near completion. Quotes have been obtained for the remaining work, including an estimate to complete the suppression system by Faithful Fire Protection and a quote from Electronic Security Solutions to complete the fire alarm monitoring system. Paving the rear pad would allow for 2 off-street parking spaces, boosting monthly cash flow. Exciting developments are underway nearby, including the redevelopment of an 8-acre plot between Reservoir Hill and Bolton Hill, less than 1 mile from 1520 Madison Avenue. Named Reservoir Square, this new gateway to West Baltimore will feature townhomes, apartments, office space, a national grocer, street-level retail, open space, and green space with a park. Just a mile east lies the vibrant culture of Mount Vernon, home to concert venues like the Joseph Meyerhoff Symphony Hall and The Lyric. Tenants will also appreciate the proximity to the YMCA in Druid Hill, offering an indoor pool, state-of-the-art gym, and cycle studio. According to Walkscore.com, this Madison Park 6-Unit boasts a Walk Score of 91 and a Transit Score of 87 (excellent!).

Details

MLS#MDBA2124530
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site13
Listing Provided ByBen Frederick Realty, Inc. | Will A Cannon III

Features

SQ Feet4,180
ZoningR-7
Acreage0.06

Market Activity 21217

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Listings Checked: 6 minutes ago
StateMD
CountyBaltimore City
CityBaltimore
Zip Code21217
Community NameMadison Park Historic District
School DistrictBaltimore City Public Schools
Listing VS Median (in Madison Park Historic District)
Price:
$599,500
low | high
Med:
$450,000
74.937447873228% of Average
SqFt:
4,180
low | high
Med:
4,098
51.961722488038% of Average
$ / SqFt:
$143
low | high
Med:
$110
73.435464155708% of Average
On Site:
13
low | high
Med:
12
100% of Average
Sourced by Back At You
Listing Updated: May 11, 2024 at 5:16:24 AM PDT