2926 Christopher AveBaltimore, MD 21214

For Sale
$850,000

6-Unit Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a six-unit multifamily property located at 2926 Christopher Avenue and 6110 Harford Road, Baltimore, MD 21214. The property, situated on a corner lot, comprises five residential units and one retail storefront, all within a single building. Two additional parking spaces generate supplemental income via monthly rental ($150/month each). The property boasts a large yard and enjoys high visibility due to its main road location and proximity to a bus stop, enhancing tenant convenience and accessibility. Its strategic location within a Baltimore Enterprise Zone offers significant tax incentives, including real and income tax credits for property improvements and new employment. Nearby amenities include Morgan State University, Hamilton-Lauraville Main Street, Northwood Commons shopping, and major grocery stores (Safeway and Aldi). Johns Hopkins University and Hospital are also within a short driving distance. The current rental income provides a solid foundation, with significant potential for revenue growth through a projected 20% rent increase. The vacant retail space presents an additional opportunity to boost income through leasing to a suitable tenant, such as a laundromat or cleaning service. This property offers a compelling combination of strong cash flow, development potential, and attractive tax benefits.

Highlights

  • Large yard providing ample resident outdoor space.
  • Two parking spaces generate $300/month in additional income.
  • High visibility corner lot location on a main road with convenient bus stop access.
  • Six-unit building (five residential, one retail) located at 2926 Christopher Avenue and 6110 Harford Road, Baltimore, MD 21214.
  • 20% rent increase potential.
  • Vacant retail space offers additional income potential.

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.3588809
Longitude
-76.556129
2926 Christopher Ave, Baltimore, Maryland

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2926 Christopher Ave
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