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    117 W Saratoga Street

    BALTIMORE, MD 21201
    • $675,000
    • STATUS: Active Under Contract
    • ON SITE: 50 Days
    • ID#: MDBA2010410
    Under Contract
    $675,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    Description

    **Prime investment opportunity, start making money immediately** ** 1031 Exchange 117 W Saratoga has five one-unit apartments with iconic barbershop for store front. Majority of the tenants have been occupying their unit for 4+ years. This is an opportunity zone. Ideally located to Mt. Vernon, Downtown Baltimore, Mercy Hospital, University of Maryland Medical Center, Metro, Baltimore Convention Center, Royal Farms Arena and many of the unique restaurants and shops Baltimore has to offer. 117 West Saratoga is located in a historic neighborhood and eligible for historic tax credits. Across the street from Odd Fellows Hall (now an apartment building) and St Alphonsus National Shrine. Plus, a bus stop just feet away from the building.Recent updates: Painted front of building, cornice and windows Fall 2020. Existing ductless in residential units. A/C heat pumps in Barbershop. Barbershop tenants pay 1/3 of the building's water bill per lease agreement. Coin laundry brings in about $1,800 additional income annually.As you enter the building through the door to the right of Barbershop, there will be mailboxes and stairs to the 2nd floor with 2 units. #2F offers 12 foot ceilings with exposed brick features, floor to ceiling windows, spacious, and lovely ceilings - this unit truly shows the charm of old Baltimore architecture. #2R offers a cozy 1 bedroom unit on the backside of the building offer plenty of natural light. Following the curved stairs to #3R, (recently rented 4/1/21 for $850). This unit is nearly identical to #2R - offering plenty of natural light, stand up shower, large walk-in closet. #3F is offers a very spacious and wide layout with nice cabinetry and fireplace in the bedroom. #4F is at the top of the building offering plenty of natural light and lovely views of the street.This building is ready for purchase. Seller would prefer to use his title company: Armour Title Company since this is a 1031 Exchange. However, buyer has their right to choose their own. Submit your highest best offer

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Major Key Realty LLC | Samson Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-16T23:50:27.477.
    www.majorkeyre.com/homes/120887875
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    117 W Saratoga Street BALTIMORE, MD 21201

    • Price: $675,000
    • Status: Active Under Contract
    • ID#: MDBA2010410
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1920
    Built
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    **Prime investment opportunity, start making money immediately** ** 1031 Exchange 117 W Saratoga has five one-unit apartments with iconic barbershop for store front. Majority of the tenants have been occupying their unit for 4+ years. This is an opportunity zone. Ideally located to Mt. Vernon, Downtown Baltimore, Mercy Hospital, University of Maryland Medical Center, Metro, Baltimore Convention Center, Royal Farms Arena and many of the unique restaurants and shops Baltimore has to offer. 117 West Saratoga is located in a historic neighborhood and eligible for historic tax credits. Across the street from Odd Fellows Hall (now an apartment building) and St Alphonsus National Shrine. Plus, a bus stop just feet away from the building.Recent updates: Painted front of building, cornice and windows Fall 2020. Existing ductless in residential units. A/C heat pumps in Barbershop. Barbershop tenants pay 1/3 of the building's water bill per lease agreement. Coin laundry brings in about $1,800 additional income annually.As you enter the building through the door to the right of Barbershop, there will be mailboxes and stairs to the 2nd floor with 2 units. #2F offers 12 foot ceilings with exposed brick features, floor to ceiling windows, spacious, and lovely ceilings - this unit truly shows the charm of old Baltimore architecture. #2R offers a cozy 1 bedroom unit on the backside of the building offer plenty of natural light. Following the curved stairs to #3R, (recently rented 4/1/21 for $850). This unit is nearly identical to #2R - offering plenty of natural light, stand up shower, large walk-in closet. #3F is offers a very spacious and wide layout with nice cabinetry and fireplace in the bedroom. #4F is at the top of the building offering plenty of natural light and lovely views of the street.This building is ready for purchase. Seller would prefer to use his title company: Armour Title Company since this is a 1031 Exchange. However, buyer has their right to choose their own. Submit your highest best offer
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 10000.00 Cooling Ductless/Mini-Split Heating Baseboard - Electric Heating YN Yes Inclusions All AppliancesAll Ceiling Fans And Exhaust Fans Net Square Feet 4000.00

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features Other Assessment Year 2021 Business Type Hair Salon And Spa Central Air YN No Cooling Fuel Electric Foundation Details Concrete Perimeter Heating Fuel Electric Historic YN Yes Hot Water 60+ Gallon Tank Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 7 Original MLSNumber 800994292292 Ownership Interest Fee Simple Possession 0-30 Days CdImmediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6697.00 Tax Assessment Amount 287300.00 Tax Lot 014 Transportation Bus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileAirport Less Than 10 Miles Vacation Rental YN No Water Source Public Zoning C-5Ht Zoning Description ResidentialBusinessMedical

    Listing courtesy of Cummings & Co Realtors.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Major Key Realty LLC | Samson Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-16T23:50:27.477.
     
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