38-50 W Biddle Baltimore, MD 21201 | Baltimore, MD 21201
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38-50 W Biddle Baltimore, MD 21201
Baltimore, MD 21201
Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity in Historic Mount Vernon
- Current balance is $3,248,676 with a 4.07% interest rate and a maturity date of October 2027.
- 6.6% Year over Year Rent Growth, 7.6% Annualized Rent Growth Every Year for Last 3 Years
- Ability to Renovate Units and Increase Rents
- Located in Historic Mount Vernon; 3 Minute Walk to University of Baltimore
PROPERTY FACTS
| No. Units | 17 | Building Size | 28,189 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2025 |
| Building Class | C | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | OR-2 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 28,189 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2025 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | OR-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 525 |
| 1+1 | 8 | - | 600 |
| 2+1 | 6 | - | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,904,741 | |
| Land Assessment | $873,988 | Total Assessment | $3,778,728 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$873,988
Improvements Assessment
$2,904,741
Total Assessment
$3,778,728
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