1810 Landrake Rd, Towson, MD 21204
This exceptional 10,884 square foot historic mansion, situated on 1.35 acres in Towson, Maryland, presents a unique investment opportunity. Listed on the Baltimore County Historic Register, this 16-bedroom, 11-bathroom property boasts undeniable charm and character. Previously utilized as an adult care facility, it retains many original features, including a sunroom, great room, library, carriage house, four fireplaces, and hardwood floors. Modern conveniences are also present, with a recently installed elevator adding to the accessibility. Significant recent upgrades include electrical work, HVAC systems, hot water infrastructure, driveway repaving, and roof replacement. Adding to its versatility, the property includes a separate "man cave" building. This recession-proof investment is poised for continued success in a high-demand market. The property is priced at $2,200,000, and prospective buyers should anticipate needing approximately $500,000 in readily available funds to secure SBA financing for the remaining balance. All information is believed to be accurate
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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