$23,000
$25,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
1 Bath
SOLD DATE : 07/13/2023
Key Details
Sold Price $23,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision East Baltimore Midway
MLS Listing ID MDBA2087988
Sold Date 07/13/23
Style Traditional
Bedrooms 5
Full Baths 1
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $897
Tax Year 2022
Property Description
Welcome to 713 E. 20th St., Baltimore, MD 21218! This property presents an amazing investment opportunity for savvy buyers looking to capitalize on its potential. Boasting a highly desirable location, this three-story building offers a range of possibilities for the discerning investor.
The property has tremendous potential for a high after-repair value (ARV) due to the favorable comparables in the area. Surrounding properties have demonstrated a strong market performance, making this an enticing opportunity for those seeking a profitable investment venture.
It is important to note that this property has experienced fire damage to the rear. While unfortunate, this unfortunate event opens up the potential for a complete rehabilitation and renovation, allowing buyers to customize the property to their exact specifications. The fire damage presents an opportunity to reimagine the space and create something truly remarkable.
Prospective buyers and their agents should be aware that there may be safety concerns associated with the fire-damaged area. As such, it is essential that all individuals entering the property do so at their own risk. To ensure a safe and informed experience, buyers and agents will be required to sign a hold-harmless agreement before gaining access to the premises.
Beyond the fire-damaged portion, the property offers a wealth of possibilities. With its three-story layout, there is ample space to design a variety of configurations, such as multi-unit apartments or a spacious single-family home. The choice is yours to make, limited only by your imagination and vision.
Located in the vibrant city of Baltimore, this property benefits from a range of local amenities, including restaurants, shops, and entertainment venues. Its convenient location provides easy access to major transportation routes, making commuting a breeze.
In summary, 713 E. 20th St., Baltimore, MD 21218 presents a rare investment opportunity with high ARV comps and tremendous potential. The property has sustained fire damage to the rear, requiring buyers and agents to enter at their own risk and sign a hold-harmless agreement. With three stories and a prime location, this property is ready for transformation into a lucrative investment. Don't miss out on the chance to turn this diamond in the rough into a shining gem of Baltimore's real estate market.
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Unfinished
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type On Street
Garage N
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0309074001 037
Ownership Ground Rent
SqFt Source Estimated
Acceptable Financing Cash, Private, Negotiable, Other
Horse Property N
Listing Terms Cash, Private, Negotiable, Other
Financing Cash,Private,Negotiable,Other
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Lakeya Zena White • Keller Williams Realty Centre
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "