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$500,000

Beds
Unknown
sq ft
2,550

109 E 33rd St, Baltimore, MD 21218

109 E 33rd St

BALTIMORE, MD 21218

  • 26 days on market
Prime Investment Opportunity: Gutted 6-Unit Building Near Johns Hopkins University Student Center Located just a block away from the highly anticipated new Johns Hopkins University Student Center, this gutted 6-unit building presents an exceptional investment opportunity in one of Baltimore’s most desirable neighborhoods. With its proximity to the university, the building is perfectly positioned to serve the growing demand for student housing, faculty residences, or multi-family rentals. This property offers a blank canvas for developers, investors, or visionaries looking to capitalize on the area's rapid development. The building has been completely gutted, providing a clean slate to design and customize each unit to suit modern living standards. Whether you’re looking to create high-end student apartments or multi-family units, this property offers immense potential for value appreciation. Key Features: Prime Location: Just one block from the Johns Hopkins University Student Center, with easy access to campus, restaurants, shops, and public transportation. Fully Gutted: Ready for a full renovation—no demolition required. Perfect for investors looking to redesign the property to maximize rental income or resale value. Large, Spacious Units: Potential for multiple 3- or 4-bedroom units, maximizing rental income potential in a high-demand market. Development Potential: The building's layout and zoning offer flexibility for various development projects, whether residential or mixed-use. Strong Rental Market: The Johns Hopkins University area has a consistently high demand for housing, ensuring strong rental prospects or potential for sale. This property is an ideal opportunity for those seeking to invest in a rapidly developing area of Baltimore. With thoughtful renovations, this gutted building could quickly transform into a highly profitable asset in the heart of one of the city's most sought-after locations. Don’t miss out on the chance to be part of the transformation of this dynamic neighborhood!

Details

Property type

Townhouse

Est. home value

$356,097

Lot size

Unknown

Price per sq ft

$197

Year built

1921

Annual property taxes

$6,835

HOA

No

Price History

11/26/2024
Bright

Bright #MDBA2146924

Listed
$500,000
+14.94%
11/08/2023
Bright

Bright #MDBA2101408

Sold
$435,000

Schools & Community

Neighborhood: 

Charles Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Woodsboro Bank

Loan start date

November 2023

Original loan amount

$326,250

Est. remaining balance

Not provided

Interest rate

7.19%

Loan type

Purchase Money Mortgage

Seller

109 E 33Rd Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 11:30 AM

Listing updated: 12/14/2024 at 11:19 AM

Listed by: Mark D Simone, Keller Williams Legacy Phone #: (443) 660-9229

MLS: Bright #MDBA2146924

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