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Listed by Ronald W. Howard • RE/MAX Advantage Realty
$325,000
Est. payment /mo
3,000 SqFt
Under Contract
400-402 PITMAN PL Baltimore, MD 21202
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $108
MLS Listing ID MDBA2136540
Year Built 1920
Annual Tax Amount $3,073
Tax Year 2024
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
*INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92' of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140,000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312101111 063
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
