1908 Aliceanna St Baltimore, MD 21231

Property Details for 1908 Aliceanna St

Year built

1900

Property size

1,950 SF

Property type

Commercial real estate

APN

02-07-1830-042

Description

This fully occupied, six-unit apartment building presents a compelling value-add investment opportunity in Baltimore's desirable Fells Point neighborhood. Located at 1908 Aliceanna Street, this three-story, 1,950 square foot building sits on a 1,640 square foot lot (APN: 02-07-1830-042) and is zoned C-1. Built in 1900, the property boasts 100% occupancy and features a mix of unit types: two rooming units, three one-bedroom/one-bathroom units, and one one-bedroom/one-and-a-half-bathroom unit. Existing features include black/white appliances, wood cabinets, hard surface countertops, and hardwood/carpet flooring. Significant value-add potential exists through renovations, including upgrading appliances to stainless steel, installing new cabinets and granite countertops, and modernizing bathrooms. Further opportunities include creating a resident picnic area and converting an existing shed into additional storage or a laundry room. Prior owners have already completed essential updates to plumbing, electrical systems, and HVAC units. The property's prime location, less than a five-minute walk from Fells Point's vibrant main street, offers easy access to numerous restaurants, bars, and shops. Its proximity to major employers like Johns Hopkins Hospital, Morgan Stanley, and Kennedy Krieger, as well as educational institutions such as Johns Hopkins Schools of Medicine and Business, further enhances its investment appeal. This fee simple ownership offers potential tax savings through entity transfer. The property's WalkScore rating as a "Walker's Paradise" underscores its convenient location and desirability. The asking price is $750,000.