301 29th St Baltimore, MD 21211-2960

Property Details for 301 29th St

Year built

1940

Construction

BRICK

Lot size

0.91 lot acres

Property size

24,750 SF

Zone code

IMU-1

Property type

Retail space

APN

12-02-3651 -032

APU

12023651032

Description

This exceptional 5-unit apartment building in Baltimore's desirable Charles Village neighborhood presents a compelling investment opportunity. The property, built in 1920 and extensively renovated in 2015, boasts 2,406 square feet across three stories on a 2,125 square foot lot. The unit mix includes four one-bedroom, one-bathroom apartments and one three-bedroom, two-bathroom apartment, all featuring modern amenities such as stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers. Its prime location offers a 12-minute walk to Johns Hopkins University and MedStar Union Memorial Hospital, two major employers, and a 6-minute walk to a Johns Hopkins University shuttle stop providing convenient access to the main campus, Penn Station, Johns Hopkins Hospital, and the Peabody Institute. Current rents are below market value, presenting a significant opportunity for immediate rental income growth. Further potential exists to implement a water reimbursement program. The property is zoned R-7 and is offered fee simple. This renovated asset in a highly sought-after location offers a strong return on investment with potential for significant rental increases. The APN is 12-17-3847-092. The asking price is $850,000.