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1520 Madison Avenue

BALTIMORE, MD 21217
  • $599,500
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: MDBA2124530
UPDATED: 68 min ago
$599,500
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Highlights: > Pick Up Where Seller Left Off at Discounted Price: Gut-to-Stud Renovation 75% From Completion> Less Than 1 Mile to Reservoir Square, A $1,000,000 Mixed-Used Community in Development> High-End Finishes Attract Quality Tenants> Stellar WalkScores: Deemed a Walkers Paradise with Excellent Transportation. Apartment interiors boast high-end finishes that tenants desire, mostly completed with new stainless-steel appliances in the kitchens, which include 30 electric ranges, over-the-range microwaves, modern stainless sinks with faucets, and garbage disposals. The bathrooms feature sleek modern vanities and either vinyl shower stalls or tubs, all with designer ceramic tile surround. Durable vinyl plank flooring throughout the apartments not only ensures longevity for landlords but also offers tenants easy-to-clean surfaces. Each apartment includes a stacked washer and dryer for convenience. While common area hallways and ceilings retain their plaster, apartment interiors now feature new drywall with recessed lighting. This Madison Park 6-Unit stands as an all-electric building with separate metering, allowing tenants to control their environments and pay utility bills directly to providers. Each unit receives 150 amps of power and is equipped with in-unit wall-mounted electric heat pumps and central air conditioning. High-performance electric Rheem 6-gallon or Steibel 4-gallon water heaters serve each unit, with suitable plastic water supply lines and PVC drain lines. Vinyl replacement windows have been installed in the rear, while original wood frame windows remain in the front. Interior water supply lines are plastic; interior drain lines are PVC. Windows in the rear have been upgraded to vinyl replacement, while original wood frame windows remain on the front. Madison Park 6-Unit Punch List:Zoning has approved the permit for 6 dwelling units.Framing and insulation permit complete and approved.Plumbing, mechanical and gas permits need to be re-filed, completed and finalized.Electric and building permits are valid through August 2024 and need to be finalized.The main water supply line has been upgraded to serve the required fire suppression system. The sprinkler system is near completion. Quotes have been obtained for the remaining work, including an estimate to complete the suppression system by Faithful Fire Protection and a quote from Electronic Security Solutions to complete the fire alarm monitoring system.Paving the rear pad would allow for 2 off-street parking spaces, boosting monthly cash flow. Exciting developments are underway nearby, including the redevelopment of an 8-acre plot between Reservoir Hill and Bolton Hill, less than 1 mile from 1520 Madison Avenue. Named Reservoir Square, this new gateway to West Baltimore will feature townhomes, apartments, office space, a national grocer, street-level retail, open space, and green space with a park. Just a mile east lies the vibrant culture of Mount Vernon, home to concert venues like the Joseph Meyerhoff Symphony Hall and The Lyric. Tenants will also appreciate the proximity to the YMCA in Druid Hill, offering an indoor pool, state-of-the-art gym, and cycle studio. According to Walkscore.com, this Madison Park 6-Unit boasts a Walk Score of 91 and a Transit Score of 87 (excellent!).

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©2024 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 Gail Nyman Group | Re/Max United Real Estate. 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: 2024-05-29T13:55:35.183.
www.gailnymanhomes.com/homes/150294361
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1520 Madison Avenue BALTIMORE, MD 21217

  • Price: $599,500
  • Status: Active
  • On Site: 21 Days
  • Updated: 68 min ago
  • ID#: MDBA2124530
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1920
Built
Neighborhood:
Madison Park Historic District
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Highlights: > Pick Up Where Seller Left Off at Discounted Price: Gut-to-Stud Renovation 75% From Completion> Less Than 1 Mile to Reservoir Square, A $1,000,000 Mixed-Used Community in Development> High-End Finishes Attract Quality Tenants> Stellar WalkScores: Deemed a Walkers Paradise with Excellent Transportation. Apartment interiors boast high-end finishes that tenants desire, mostly completed with new stainless-steel appliances in the kitchens, which include 30 electric ranges, over-the-range microwaves, modern stainless sinks with faucets, and garbage disposals. The bathrooms feature sleek modern vanities and either vinyl shower stalls or tubs, all with designer ceramic tile surround. Durable vinyl plank flooring throughout the apartments not only ensures longevity for landlords but also offers tenants easy-to-clean surfaces. Each apartment includes a stacked washer and dryer for convenience. While common area hallways and ceilings retain their plaster, apartment interiors now feature new drywall with recessed lighting. This Madison Park 6-Unit stands as an all-electric building with separate metering, allowing tenants to control their environments and pay utility bills directly to providers. Each unit receives 150 amps of power and is equipped with in-unit wall-mounted electric heat pumps and central air conditioning. High-performance electric Rheem 6-gallon or Steibel 4-gallon water heaters serve each unit, with suitable plastic water supply lines and PVC drain lines. Vinyl replacement windows have been installed in the rear, while original wood frame windows remain in the front. Interior water supply lines are plastic; interior drain lines are PVC. Windows in the rear have been upgraded to vinyl replacement, while original wood frame windows remain on the front. Madison Park 6-Unit Punch List:Zoning has approved the permit for 6 dwelling units.Framing and insulation permit complete and approved.Plumbing, mechanical and gas permits need to be re-filed, completed and finalized.Electric and building permits are valid through August 2024 and need to be finalized.The main water supply line has been upgraded to serve the required fire suppression system. The sprinkler system is near completion. Quotes have been obtained for the remaining work, including an estimate to complete the suppression system by Faithful Fire Protection and a quote from Electronic Security Solutions to complete the fire alarm monitoring system.Paving the rear pad would allow for 2 off-street parking spaces, boosting monthly cash flow. Exciting developments are underway nearby, including the redevelopment of an 8-acre plot between Reservoir Hill and Bolton Hill, less than 1 mile from 1520 Madison Avenue. Named Reservoir Square, this new gateway to West Baltimore will feature townhomes, apartments, office space, a national grocer, street-level retail, open space, and green space with a park. Just a mile east lies the vibrant culture of Mount Vernon, home to concert venues like the Joseph Meyerhoff Symphony Hall and The Lyric. Tenants will also appreciate the proximity to the YMCA in Druid Hill, offering an indoor pool, state-of-the-art gym, and cycle studio. According to Walkscore.com, this Madison Park 6-Unit boasts a Walk Score of 91 and a Transit Score of 87 (excellent!).
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Property Condition AverageGood Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4180.00 Cooling Central A/C Heating Heat Pump(s) Heating YN Yes Inclusions Appliances Net Square Feet 4180.00

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 803051501170 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1657.00 Tax Lot 011 Vacation Rental YN No Water Source Public Year Built Effective 2024 Zoning R-7 Zoning Description Permit application pending for 6 Dwelling Units.

Listing courtesy of Ben Frederick Realty, Inc.: .


©2024 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 Gail Nyman Group | Re/Max United Real Estate. 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: 2024-05-29T13:55:35.183.
 
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