435 NICOLL AVENUE Active

Baltimore,MD 21212

$ 2400000

- Bed

- Bath

14400 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $166

Subdivision None Available

MLS Listing ID MDBA2142644

Year Built 1990

Annual Tax Amount $49,392

Tax Year 2024

Property Description

This prime investment opportunity features a portfolio of 12 individual residential townhomes located just minutes from Towson University, with an income potential of $316,000 annually. Currently, 7 of the 12 units are leased, generating immediate rental income, while the remaining units provide an excellent opportunity for growth in a high-demand area. The properties include a mix of garage and traditional townhomes, appealing to both students and professionals, and the monthly condo fee is $320 per unit. Although these are individual residential townhomes, they are listed under commercial due to Bright MLS restrictions, which limit multi-family listings to 4 units or fewer. Don't miss out on this unique opportunity to expand your investment portfolio!

Location

State MD

County Baltimore City

Zoning R-5

Interior

Hot Water Natural Gas,Electric

Heating Forced Air,Heat Pump(s)

Cooling Central A/C

Flooring Carpet,Laminate Plank

Exterior

Garage Spaces 12.0

Utilities Available Cable TV Available

Waterfront N

Water Access N

Roof Type Asphalt

Building

Lot Description Corner,Interior

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Acceptable Financing Cash,Other

Listing Terms Cash,Other

Special Listing Condition Standard

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