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Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $292
Subdivision Medfield
MLS Listing ID MDBA548246
Sold Date 06/04/21
Style Converted Dwelling,Traditional
HOA Y/N N
Abv Grd Liv Area 1,350
Originating Board BRIGHT
Annual Tax Amount $5,869
Tax Year 2021
Lot Size 0.321 Acres
Acres 0.32
Property Description
This 1/3 acre site is located in an R6 Zoning District, permitting 9 Units by right with higher density possible with a zoning variance. This development site is in Medfield, one of Baltimore Citys popular and up-and-coming neighborhoods is a rare opportunity. Situated on a mostly level, corner lot, the site has 105 of frontage along Roland Heights Avenue. City water and sewer connections are already in place. The Church building is leased through 1/31/2022, with the landlord having the right to terminate the rental agreement with two-months notice. The church rental income helps cover carrying costs while going through the pre-development stages. The R6 zoning district allows both townhomes and multi-family, with up to 9 units by right. Woodberry, an adjacent neighborhood, is seeing a dramatic increase in the redevelopment of old industrial lots into new housing, with new townhomes in this market sell from mid-$300 and into the mid-$400s, 1-bedroom apartments in this market rent as high as $1200/month, with 2-bedrooms as high as $1500/month. Nestled 2 minutes from I-83 and the West Cold Spring Metro Station allow your potential home buyers or renters to live in the City, but work outside of City limits. Both Johns Hopkins University and Loyola University are 1 mile away. The newly developed Rotunda, home to MOMs Organic Market and Starbucks, is less than a mile and offers shopping, food and entertainment. Hampdens famous Avenue offers locals affordable ubers for nights out on the town. Latest statistics show that Medfield is 75% home owners and 25% renters.
Location
State MD
County Baltimore City
Zoning R-6
Rooms
Basement Other
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling, Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0313153575A045
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John E Simmonds • RE/MAX Ikon