fbpx

MLS# MDBA2133306 – 804 N Franklintown Road, Baltimore, MD 21216

Price: $1,680,000
Beds: 0
Baths: 0
Living Area SqFt: 53,631
Status: Active
Property Type: Single Family Residential
Lot Size Acres: 0.75
Lot Size SqFt: 32,670
Year Built: 1940
Neighborhood: Franklintown Road
Days on Website: 61

Courtesy of Maja Likakis, Monument Sotheby’s International Realty maja@monumentsothebysrealty.com

Property Description

!! INVESTORS DREAM SHOVEL READY 42-UNIT APARTMENT BUILDING located IN BALTIMORE !! Discover this city approved 42-unit multifamily residential development located at 804 N Franklintown Road, featuring 42 -unit apartments and 33 parking spaces beneath three residential stories. This shovel-ready project includes detailed architectural drawings, allowing you to secure your own building permits and start construction. All necessary variances have been secured, ensuring this project is ready for permits and for construction. The building is located 3 miles from downtown Baltimore and less than 2 miles to highway 95. This project has a potential to generate a minimum amount of $71,000 up to $84,000 per month and maybe more depending on the final finishes. That’s a potential between $1,008,000.00 ANNUALLY!! Please note, the project is currently at the land where a run-down building needs removal to make way for this transformative development opportunity. For your safety, please don’t enter the property. Enclosed are renderings and architectural documents for your review and analysis. Seller has hired Jerryn J. McCray, Architect , located in Baltimore to design the project and who is looking forward to collaborate with you to bring this project to completion. Bring us your best offer, as we are looking forward to work with you.

Open House

Property Details and Features

  • Building
  • 53,631 sqft living area
  • 53,631 sqft above grade (finished)
  • Built in 1940
  • Structure Type: Detached
  • Single level building
  • 3 levels
  • Contemporary
  • Brick
  • Cooling
  • Central Air
  • Electric
  • Central A/C
  • Accessibility Features
  • Elevator
  • Heating
  • Electric
  • Central
  • Listing
  • 62 days on market
  • $31 per sqft
  • New Construction
  • Property SubType: Single Family Residential
  • Location
  • Municipality: Baltimore City
  • County: Baltimore City
  • Location Type: Urban
  • Subdivision: Franklintown Road
  • Lot
  • 32,670 sqft
  • 0.75 acres
  • Parking
  • Fenced
  • Property
  • Other Structures: Above Grade,Below Grade
  • View: City
  • Roof
  • Flat
  • Schools
  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • Sewer
  • Public Sewer
  • Taxes
  • City/Town Tax: $5,395
  • City/Town Tax Pymnt Freq: Annually
  • County Tax: $269
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $5,664
  • Tax Year: 2024
  • Utilities
  • Hot Water: Electric

Property Map

$1,680,000 – 804 N Franklintown Road, Baltimore, MD 21216

Street View

Nearby Schools

Similar Properties Nearby

This content last updated on September 19, 2024 1:02PM.