$1,680,000
- Beds
- Unknown
- sq ft
- 53,631
804 N Franklintown Rd, Baltimore, MD 21216
804 N Franklintown Rd
BALTIMORE, MD 21216
- 61 days on market
!! INVESTORS DREAM SHOVEL READY 42-UNIT APARTMENT BUILDING located IN BALTIMORE !!
Discover this city approved 42-unit multifamily residential development located at 804 N Franklintown Road, featuring 42 -unit apartments and 33 parking spaces beneath three residential stories. This shovel-ready project includes detailed architectural drawings, allowing you to secure your own building permits and start construction. All necessary variances have been secured, ensuring this project is ready for permits and for construction. The building is located 3 miles from downtown Baltimore and less than 2 miles to highway 95.
This project has a potential to generate a minimum amount of $71,000 up to $84,000 per month and maybe more depending on the final finishes.
That's a potential between $1,008,000.00 ANNUALLY!!
Please note, the project is currently at the land where a run-down building needs removal to make way for this transformative development opportunity. For your safety, please don't enter the property.
Enclosed are renderings and architectural documents for your review and analysis. Seller has hired Jerryn J. McCray, Architect , located in Baltimore to design the project and who is looking forward to collaborate with you to bring this project to completion. Bring us your best offer, as we are looking forward to work with you.
Details
Property type
Single Family Residence
Property condition
New Construction
Lot size
0.75 acres
Price per sq ft
$32
Year built
1940
Annual property taxes
$5,664
HOA
No
Price History
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: 09/19/2024 at 5:50 PM
Listing updated: 09/09/2024 at 5:23 PM
Listed by: Maja Likakis, Monument Sotheby's International Realty Phone #: (443) 746-2090
MLS: Bright #MDBA2133306
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