313 Broadway Baltimore, MD 21231
- Commercial real estate
Current Use by Public Records
- 313 S Broadway / Apartment Building
Property Details for 313 Broadway
- Year built
- 1874
- Property type
- Commercial real estate
- APN
- 02-04-1762-032
Description
This exceptional 11-unit apartment building, located at 313 S Broadway in Baltimore, MD's desirable Fells Point neighborhood (zip code 21231), presents a compelling investment opportunity. The property, built in 1874 and extensively renovated in 2015, boasts a mix of unit sizes: one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, four 2-bedroom/2-bathroom, two 2-bedroom/2.5-bathroom, and two 3-bedroom/3.5-bathroom units. All units feature high-end finishes including stainless steel appliances, granite countertops, hardwood flooring, and in-unit washer/dryers. The 3-story building sits on a 9,017 sq ft lot and includes on-site surface parking for 8 vehicles and a courtyard. The property benefits from a C-1 zoning designation. Significant upgrades during the 2015 renovation encompassed all mechanical and electrical systems, roof, and windows, minimizing deferred maintenance for the new owner. The property is currently 100% occupied, offering immediate cash flow. An assumable loan with a balance of $1,913,592.77, a 5.22% interest rate, and a maturity date of December 2028, is available. The property's prime location, less than a 10-minute walk from Fells Point's vibrant main street, provides excellent potential for rental growth. The APN is 02-04-1762-032, and the ownership is Fee Simple.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5931353
- Latitude
- 39.2871466
