1849 E 29Th St Baltimore, MD 21218

Located in Baltimore, near Lake Montebello, Clifton Park, Morgan State University, and Northwood Commons, this mixed-use property at 1849 E. 29th Street presents an investment opportunity. The 4283 square foot building includes two residential apartments, one with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom, along with three storefronts. The apartments are nearing completion but require final updates. The storefronts are currently unfinished and ready for customization. Intended for investors or owner-operators, the property offers the potential to generate rental income or establish a business presence. Prior to closing, the buyer must submit a renovation plan outlining proposed improvements, including a scope of work prepared by a licensed Maryland contractor, a breakdown of repairs or upgrades needed to meet Use and Occupancy requirements, an estimated project timeline, and a budget. The seller has obtained court approval allowing any buyer to update only the upper dwelling units within one year. The storefronts can be addressed at the buyer's discretion on their own timeline. Buyers must also provide documentation confirming financial capacity to complete the work, such as a bank verification letter, a financial statement, or an account summary showing sufficient funds to complete the renovation.