2926 Christopher Ave Baltimore, MD 21214
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2926 Christopher Ave
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit multifamily property located at 2926 Christopher Avenue and 6110 Harford Road, Baltimore, MD 21214. The property, situated on a corner lot, comprises five residential units and one retail storefront, all within a single building. Two additional parking spaces generate supplemental income via monthly rental ($150/month each). The property boasts a large yard and enjoys high visibility due to its main road location and proximity to a bus stop, enhancing tenant convenience and accessibility. Its strategic location within a Baltimore Enterprise Zone offers significant tax incentives, including real and income tax credits for property improvements and new employment. Nearby amenities include Morgan State University, Hamilton-Lauraville Main Street, Northwood Commons shopping, and major grocery stores (Safeway and Aldi). Johns Hopkins University and Hospital are also within a short driving distance. The current rental income provides a solid foundation, with significant potential for revenue growth through a projected 20% rent increase. The vacant retail space presents an additional opportunity to boost income through leasing to a suitable tenant, such as a laundromat or cleaning service. This property offers a compelling combination of strong cash flow, development potential, and attractive tax benefits.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.556129
- Latitude
- 39.3588809
