$179,000

505 Mcmechen St

BALTIMORE MD, 21217

Description

Wonderful Opportunity. Legally zoned 3 unit building. 2530 Madison (full gut job) just went under contract at 230K. Recently appraised at $330K. That leaves $130K in equity to finish the project. Right next to Bolton Hill. Each unit is 1 bedroom, 1 full bath. Separate systems and meters.The property has been renovated and is 95% completed. New electric, plumbing,etc. Start earning income today. Potential rent $2700. Easy to show and easy to sell! Agents, please do not share combination with any unauthorized persons. Thank you. BRING ALL OFFERS!Basement steps are not finished- proceed with caution! Seller requires Granite Title be used and no contingencies- inspections should be done prior to contract offers.

Details

MLS#MDBA506746
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site117

Features

Units3
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Area Information
StateMD
CityBALTIMORE
Zip Code21217
Listing VS Median (in 21217)
Price:
$179,000
low | high
Med:
$82,400
100% of Average
On Site:
117
low | high
Med:
92
100% of Average
Listing Updated: 08/06/2020
Bob Simon LogoMLS Number: MDBA506746
Listing Provided By:
Bob Simon  of  Long Foster Real Estate Inc.