1849 East 29th Street, Baltimore, MD 21218

Located in a thriving Baltimore neighborhood 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 building includes two residential apartments, one with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom, alongside three storefronts. The apartments are nearing completion but require final updates. The storefronts are currently unfinished, offering customization potential. This property is suitable for investors or owner-operators seeking rental income or a business location. As part of the receivership terms, the buyer must submit a renovation plan before closing. This plan should detail proposed improvements, including a scope of work from a licensed Maryland contractor, a breakdown of necessary repairs or upgrades to meet Use and Occupancy requirements, an estimated project timeline, and a budget. The seller has obtained court approval allowing the buyer to update only the upper dwelling units within one year, while the storefronts can be addressed at the buyer’s discretion. 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 as described. The property is located within Baltimore City, with Baltimore City Public Schools as the school district.