$1,050,000
- Beds
- Unknown
- sq ft
- 53,631
804 N Franklintown Rd, Baltimore, MD 21216
804 N Franklintown Rd
BALTIMORE, MD 21216
- 117 days on market
- Price drop $630,000↓
Explore this 42-unit multifamily residential development project located at 804 N Franklintown Road in Baltimore, MD. The project is designed to include 42 apartment units and 33 parking spaces. Please note that this property has not yet been constructed. You will need to secure your own building permits to initiate construction.
The project comes with detailed architectural drawings and all necessary variances have already been obtained, ensuring it is ready for the permitting process. The site is conveniently located just 3 miles from downtown Baltimore and less than 2 miles from Highway 95.
Once completed, this project has the potential to generate monthly revenue between $71,000 and $84,000, or even more, depending on the final finishes. Please do your own due diligence.
Please be advised that the property currently features a rundown building that must be removed to facilitate this transformative development opportunity. For your safety, do not enter the property.
Enclosed are renderings and architectural documents for your review and analysis. The seller has hired Jerryn J. McCray, an architect based in Baltimore, to design the project and he is looking forward to collaborate with you to bring this vision to fruition.
We welcome your best offers and look forward to working with you on this exciting opportunity.
Details
Property type
Single Family Residence
Property condition
New Construction
Lot size
0.75 acres
Price per sq ft
$20
Year built
1940
Annual property taxes
$5,664
HOA
No
Price History
10/01/2024
Bright #MDBA2133306
Price change
$1,050,000
-37.5%
07/20/2024
Bright #MDBA2133306
Listed
$1,680,000
Schools & Community
Neighborhood:
Franklintown Road
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
BALTIMORE CITY PUBLIC SCHOOLS
Status: Active
Tomo last checked: 11/14/2024 at 12:25 PM
Listing updated: 10/01/2024 at 4:26 PM
Listed by: Maja Likakis, Monument Sotheby's International Realty Phone #: (443) 746-2090
MLS: Bright #MDBA2133306
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