$ 275,000
1520 MADISON AVE Baltimore, MD 21217
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$ 275,000
Est. payment | /mo
$ 275,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID MDBA2136564
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,657
Tax Year 2024
Property Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, September 26th and ends Tuesday, October 1, 2024 at 1:00pm. A 4-Level Building Configured with 6 Residential Units that has been going though a full renovation in the "Madison Park" Neighborhood of Baltimore City. Each of the levels have 2 units. There is a main level, upper level 1 and upper level 2. The lower level is unfinished and accessible from the front lower window. Each unit is separately metered. This is a great opportunity to purchase a mostly renovated building. According to the seller's, there is still some work that needs to be completed. All 6 units have been gutted and renovated including all new walls, doors, flooring, kitchen and appliances, bathrooms & fixtures, recessed lighting and more. They also added a sprinkler system. There are new furnaces, hot water heaters, and stacked washer/dryer units; the furnaces need to be installed. The condensers for the A/C system need to be purchased and installed; and smoke detectors need to be added to the building. Note: the above description is offered for informational purposes only. Potential buyers should do their own due diligence by visiting the property to determine the scope of work that still needs to be done to complete the renovation. The new buyer would be responsible to get the occupancy permit, required rental license and lead cert. Zoned R-7: "(a) Neighborhoods. The R-7 Mixed Residential Zoning District is intended for those areas that offer a diverse range of housing types. Development in this district accommodates a transition between naturalistic and urban residential settings. (b) Housing types. The R-7 District is meant to accommodate a diverse range of housing types, including detached and semi-detached dwellings, rowhouse developments, and multi-family developments of a larger scale than found in the more restrictive residential districts." Zoning information is copied from the Article 32 Zoning manual. Location: The Madison Park neighborhood is located just south of Bolton Hill and just north of the Upton neighborhood. Downtown Baltimore is a short ride and offers plenty of dining options, shopping, schools, recreational facilities, museums. and access to transportation routes. Madison Park Historic District: This property is located in this historic district. "The Madison Park Historic District is significant as a relatively intact neighborhood embodying the distinctive architectural characteristics of eclectic row houses. These buildings feature important architectural elements which typify the growing interest that Baltimore architects and builders had in emerging architectural styles and the manner in which they incorporated new elements into the traditional Baltimore row house."
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Other
Heating Other
Cooling Central A/C, Other
Heat Source Other
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0314120364 011
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction
Listed by Larry E Cooper • Alex Cooper Auctioneers, Inc.