401 Yale Ave Baltimore, MD 21229
8-unit property with positive cash flow near Mount Saint Joseph.
Type:Commercial
Property size:
3,200 SF- Added:
- Dec 4, 2024
- Days on Market:
- 483
- Last Refresh:
- Mar 25 at 8:24 pm
Property Features for 401 Yale Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent KENITRA D MERRITT License #528617
Listing office MERRITT REAL ESTATE, LLC (410) 719-0500
Listing date Dec 4, 2024
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MERRITT REAL ESTATE, LLC
Overview
Multifamily Investment Near Mount Saint Joseph
This end-of-group structure, licensed for 8 total units (Department of Housing & Community Development license# 014762), presents a great investment opportunity with current, positive cash flow. The property is located steps away from Mount Saint Joseph College Preparatory High School and blocks from the Baltimore County line. The building offers over 3,200 square feet of living space. It includes a separate dwelling unit featuring 2 bedrooms, 1 recently renovated full bath, a kitchen, and a living room. The main building comprises 7 rooms, with common areas including a kitchen, 2 full baths, and a basement laundry area with recent Speed Queen coined separate washer and dryer units for additional income. The roof was replaced in 2023, and the windows have been updated. The electrical panel was updated 10 years ago. All leases are month-to-month. The property is fee simple with no ground rent and is conveniently located near bus stops and bus lines. It can be purchased as an investment to add to your portfolio, or you can live in the separate dwelling unit and lease the entire building.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6852274
- Latitude
- 39.2798464
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 8-unit property with positive cash flow near Mount Saint Joseph.
Where is this apartment building located?
The property is located at 401 Yale Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Licensed for 8 units (license# 014762) with positive cash flow - a great investment.; Boasting over 3,200 sq ft of living space including a separate 2‑bedroom unit.; New roof installed in 2023 and updated windows.
