MD > Baltimore > None Available
Baltimore, MD 21212,435 NICOLL AVENUE
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Ofelia Knapp

Ofelia Knapp

+1(703) 615-0094
$ 2,400,000
Est. payment /mo
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Under Contract

435 NICOLL AVENUE Baltimore, MD 21212

14,400 SqFt

UPDATED:

11/16/2024 02:23 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $166

Subdivision None Available

MLS Listing ID MDBA2142644

Originating Board BRIGHT

Year Built 1990

Annual Tax Amount $49,392

Tax Year 2024

Lot Dimensions 20904

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, 8 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

Heat Source Electric

Exterior

Garage Spaces 12.0

Utilities Available Cable TV Available

Waterfront N

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 12

Garage N

Building

Lot Description Corner, Interior

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0327645090A042

Ownership Condominium

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Kris Ghimire • Ghimire Homes

Ofelia Knapp

Agent | License ID: 0225263515

+1(703) 615-0094

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435 NICOLL AVENUE