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$4,500,000
648 Days Online

311 W Baltimore Street
Baltimore, MD 21201

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1907
Built
Subdivision:
Downtown
County:
Baltimore City

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410-952-3585
311 W Baltimore Street311 W Baltimore Street311 W Baltimore Street311 W Baltimore Street
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Insane Opportunity for 8% Cap Rate! Never Meant to Be Sold. Owner Re-Built to Last for a Lifetime. Now, Liquidating Portfolio and Must Sell! Pre-Construction Appraisal at 6.3M and Now Offered at 4.5M! Rare Combination of Cash Flow, Immediate Equity and Renovated, Turn Key Condition. Building was taken down to its Reinforced Concrete Frame and the Rebuilt in 2016. 5 Story Atrium was added maximizing Natural Light to all Apartments. All Systems are New including 240 Volt 1600 AMP 3 Phase Electric, Plumbing throughout, Heat Pumps, Plumbing and Elevator with Battery Back Up. 100% LEAD FREE Inside and Out, ABSESTOS FREE and ADA Compliant! Incredibly Rare 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty good through 2036. ISO Exterior Roof Insulation – allows exposed beams in elevated 5th Floor Ceilings. Garage ductwork with automatic CO2 detection and ventilation system. Fire Alarm and Sprinkler Systems. Vaults under the sidewalk reinforced with massive steal metal work. Wide Hallways with Rows of Windows letting in Natural Light and Motion Sensing Electricity Saving Lightbulbs. Concrete, Damage Proof Staircases, Wide landings with Original Hardwood Floors, Salvaged Historic Metal Panels, 100k in Ornamental Ironwork on Windows alone and Hallways of Acid Washed Exposed Brick Walls. The apartment designs defied the standards of maximizing the number of units and instead maximized space, comfort and desirability of each residence. Loft feel with 10ft – 16ft high ceilings, Real Hardwood Floors throughout, Exposed Brick Accent Walls, Metal Doors, Double Wide Bedroom Closets, Large almost floor to Ceiling Windows and Full Size Washers and Dryers in Every Unit. Kitchens boast Solid Wood Cabinets, Brazilin Granite Counters, SS Appliances, Islands and Flow into Large Open Living Rooms. Bathrooms are Calcatta Mable with Black Granite Stars and Inlays. See Floor Plans and link to 3D Virtual Tours. The 1BD Apartments are approximately 875 sq. ft. 8’9”x 9’8” bathrooms, 14’3”x 12’7” Bedrooms 27’6” x 16’9” Open Kitchen and Dining Area. 2BD 2BA Apartments are approximately 1,336 sq. ft. with even larger living spaces. These units are of a totally different quality then other buildings with pigeon whole apartments with inferior finishes and the Rental Income Proves It! Attract Great Tenants and Enjoy High Rent, Low Turn Over and Minimal Maintenance. Main Level 2,500 sq. ft. Commercial Space is tenant occupied. Options abound for a Future Franchise tenant: Wallgreens, 7/11, McDonalds, M&T Bank and a dozen restaurants are within 2 blocks. Incredible Downtown Location half a block from the Hippodrome and Royal Farm Arena and Blocks from Camden Yards, University of MD Medical Center and the Inner Harbor Waterfront. Gain Additional Income from the 11 Garage Parking Spaces and 11 Very Large Storage Units. All Documents Uploaded. Schedule Your Private Tour Today!

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Listing Snapshot
Price 
$4,500,000
Days Online 
648 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.13 Acres
Year Built 
1907
MLS® Number 
MDBA2060854
Status 
Active
Property Tax 
$55,042
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
22 hours agoListing updated with changes from the MLS®
2 years agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Electric 
200+ Amp Service120/240V3 Phases
Parking 
Private
Foundation 
BlockBrick/Mortar
Construction Materials 
BrickConcrete
Zoning 
C-5DC
Acceptable Financing 
CashConventionalExchange
Interior Features
Flooring 
HardwoodCeramic TileMarble
Heating 
CentralForced AirHeat Pump(s)
Cooling 
Heat Pump(s)
Central Air 
No
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Exterior Features
View 
City
Roof 
CompositeRubber
Community Features
Security 
Carbon Monoxide Detector(s)Fire Detection SystemSprinkler System - Indoor
Accessibility Features 
48"+ HallsElevator
Listing courtesy of ExecuHome Realty (443) 632-3000



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Neighborhood & Commute
Source: Walkscore
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