1217 Preston St Baltimore, MD 21201

Property Details for 1217 Preston St

Property size

15,904 SF

Property type

Commercial real estate

Description

This exceptional three-story apartment building, located at 1217 E Preston St in Baltimore, MD, presents a compelling investment opportunity. Spanning approximately 15,904 square feet, the property boasts twelve residential units, offering a diverse mix of floor plans to cater to a wide range of tenants. The unit breakdown includes six three-bedroom units, three two-bedroom units, and three one-bedroom units. The building is zoned R-8, and importantly, qualifies as an Opportunity Zone property, offering potential tax advantages for investors. Situated in Baltimore's historic Oliver neighborhood, this location provides convenient access to Johns Hopkins Hospital and Kennedy Krieger Institute, ensuring high occupancy potential. The property has undergone some recent renovations, enhancing its appeal and value. This multifamily investment offers a blend of established income generation and future growth potential in a desirable urban setting. The property's strong location, diverse unit mix, and Opportunity Zone status make it an attractive proposition for discerning investors seeking a stable and potentially high-return investment in the Baltimore market. Further details regarding the financial aspects and renovation specifics are available upon request. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Baltimore neighborhood. Contact us to schedule a showing and explore the possibilities.