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2120 Bolton St
Baltimore, MD 21217
Bolton Street Renovation Opp · Specialty Property For Sale
·
2,916 SF
INVESTMENT HIGHLIGHTS
- Steps from Reservoir Square: New shopping center and grocery store will spur further growth in the rapidly growing Reservoir Hill neighborhood.
- Tax Credit Potential: options to preserve historic exteriors and common areas to take advantage of historic tax credits for the renovation.
- Configured as 3 Apartments: renovate using a similar floorplan or convert to a single family home.
EXECUTIVE SUMMARY
Currently configured with an apartment on each of the three floors and an unfinished basement, this spacious 2,916 sq. ft. building is ready for rehab. Each apartment has hookups for kitchens in the center of each unit (i.e. plumbing and gas lines); full bathrooms with room to install luxury finishes; a living room area; and two bedrooms. The building has single-pane wood windows; an elegant original staircase; and charming pocket doors.
2120 Bolton Street’s gas and electric meters are already separated for 3 apartments plus public service. The building has 4 electric meters with 100 amp service, and Federal Pacific panels. The building has two working gas meters with two more hookups available. Heat is provided by a gas-fired boiler, and hot water is provided by one gas-fired water heater. The building has a TPO roof, taking one item off from a rehabber’s cost list. The large rear yard could be easily reconfigured to accommodate parking, as many other neighboring property owners have done.
What’s Special About Reservoir Hill:
2120 Bolton Street is located just steps from the new development at Reservoir Square, a $170 million development that will feature a new shopping center and grocery store, leading to a further uptick in investment in the already growing Reservoir Hill neighborhood. Also nearby is Druid Hill Park, now offering walking trails, expanded green space, and an inviting lakefront. Residents enjoy easy access to neighborhood parks, tennis courts, and the Baltimore Zoo, as well as local shops and services along Pennsylvania Avenue and North Avenue. Investors can anticipate rent growth and property appreciation in this growing neighborhood.
Zoning:
With R-8 zoning at 2120 Bolton Street, the Baltimore City zoning code allows 3 Dwelling Units by right with no parking requirement.
2120 Bolton Street is currently permitted as a single family home.
Investment Summary:
$225,000
$75,000 Per Unit
$77 Per Sq Ft
2120 Bolton Street’s gas and electric meters are already separated for 3 apartments plus public service. The building has 4 electric meters with 100 amp service, and Federal Pacific panels. The building has two working gas meters with two more hookups available. Heat is provided by a gas-fired boiler, and hot water is provided by one gas-fired water heater. The building has a TPO roof, taking one item off from a rehabber’s cost list. The large rear yard could be easily reconfigured to accommodate parking, as many other neighboring property owners have done.
What’s Special About Reservoir Hill:
2120 Bolton Street is located just steps from the new development at Reservoir Square, a $170 million development that will feature a new shopping center and grocery store, leading to a further uptick in investment in the already growing Reservoir Hill neighborhood. Also nearby is Druid Hill Park, now offering walking trails, expanded green space, and an inviting lakefront. Residents enjoy easy access to neighborhood parks, tennis courts, and the Baltimore Zoo, as well as local shops and services along Pennsylvania Avenue and North Avenue. Investors can anticipate rent growth and property appreciation in this growing neighborhood.
Zoning:
With R-8 zoning at 2120 Bolton Street, the Baltimore City zoning code allows 3 Dwelling Units by right with no parking requirement.
2120 Bolton Street is currently permitted as a single family home.
Investment Summary:
$225,000
$75,000 Per Unit
$77 Per Sq Ft
PROPERTY FACTS
| Sale Type | Investment | Building Size | 2,916 SF |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | Residential Income | Year Built | 1900 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.06 AC |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,916 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
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