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320 S Highland Ave Baltimore, MD 21224

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For Sale
Contract
$1,150,000

Renovated multifamily property with expansion possibilities in Highlandtown.

Lot size:
0.11 Acres

Property Features for 320 S Highland Ave

General Information

Property type
Investment
Standard status
Contract
Lot size
0.11 Acres

Building Details

Year built
1920

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Listing Contact
Andrew B Lehr
Source: Elliman

Listing Agency: VYBE Realty Listing Agent: Andrew B Lehr

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Highlandtown Multifamily with Development Potential

This 4,500 square foot multifamily property, located in Highlandtown, was completely renovated in 2016 into four apartments. Each apartment features a two-bedroom, two-and-a-half-bathroom layout. The property includes four off-street parking spaces. Permitted engineer plans are available for the construction of an additional six to eight apartments within a four-story building on the side yard, connecting to the existing lobby. Some infrastructure improvements have already been completed in preparation for adding additional apartments, including an upgraded water service line, three-phase electric run down the alley, electric service for ten units, and a lobby with an elevator shaft already built. The C-1 zoning allows for the additional apartments to be constructed on an oversized 53' x 92' lot. The property offers views of downtown and Patterson Park. The current gross annual rent is over $100,000 per year, with the potential to more than double income when additional apartments are added.
Location Intelligence

Current Use by Public Records

I O of Grand ... Volunteer Organization

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.5694163
Latitude
39.2879715

FAQs

What type of property is this?
Apartment building - Renovated multifamily property with expansion possibilities in Highlandtown.
Where is this apartment building located?
The property is located at 320 S Highland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - High gross annual rent (over $100k) with potential to more than double by adding units; - Permitted engineer plans available for adding 6-8 apartments in a 4-story building; - Favorable C-1 zoning on oversized 53'x92' lot allows for additional apartment construction
More about this property
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