Description
HUGE OPPORTUNITY! Don't sleep on this value add opportunity. Design and develop this three level (plus basement) blank canvas! There are many options and opportunities available. It's a developer's dream. Build to suit your individual needs for home and/or investment. There is potential for instant equity and substantial cash flow if used as a multi family property. Live in one unit and rent out the others. (Note: As a triplex, each unit could generate $1,000+ in monthly rent for over of $3,000 income production). Walk, bike, drive, or rideshare approximately 10 minutes to+- Downtown Baltimore. The neighborhood has a walk score of over 82. Adjacent to Union Square and Mont Clare, this Carrollton Ridge property is surrounded by impact investments, major community development and redevelopment zones. Recently, there have been multiple renovations on the block! Some of the current attractions nearby include the B&O Railroad museum, and Franklin Square, Downtown/Inner Harbor, Ravens Stadium, Oriole Park, museums, restaurants, Historic Hollins Market, UMD bio-parks. Close proximity to interstate I-95, 295, the MARC train, the airport, casinos and Washington DC. It's a 5 minute walk or stroll to Union Square Park, SOWEBO Arts Inc, or University of MD Baltimore.The area is zoned for multifamily and the large lot size leaves ample room for development, outdoor space, garden, etc. Preliminary drawings are available for interested parties. Property is a shell. Buyer is advised to conduct their own due diligence. Please submit offer and proof of funds by Friday, May 6, 2022 at 11:59pm.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
Description
HUGE OPPORTUNITY! Don't sleep on this value add opportunity. Design and develop this three level (plus basement) blank canvas! There are many options and opportunities available. It's a developer's dream. Build to suit your individual needs for home and/or investment. There is potential for instant equity and substantial cash flow if used as a multi family property. Live in one unit and rent out the others. (Note: As a triplex, each unit could generate $1,000+ in monthly rent for over of $3,000 income production). Walk, bike, drive, or rideshare approximately 10 minutes to+- Downtown Baltimore. The neighborhood has a walk score of over 82. Adjacent to Union Square and Mont Clare, this Carrollton Ridge property is surrounded by impact investments, major community development and redevelopment zones. Recently, there have been multiple renovations on the block! Some of the current attractions nearby include the B&O Railroad museum, and Franklin Square, Downtown/Inner Harbor, Ravens Stadium, Oriole Park, museums, restaurants, Historic Hollins Market, UMD bio-parks. Close proximity to interstate I-95, 295, the MARC train, the airport, casinos and Washington DC. It's a 5 minute walk or stroll to Union Square Park, SOWEBO Arts Inc, or University of MD Baltimore.The area is zoned for multifamily and the large lot size leaves ample room for development, outdoor space, garden, etc. Preliminary drawings are available for interested parties. Property is a shell. Buyer is advised to conduct their own due diligence. Please submit offer and proof of funds by Friday, May 6, 2022 at 11:59pm.
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