$500,000
$475,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
3,978 SqFt
SOLD DATE : 01/24/2024
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,978 sqft
Price per Sqft $125
Subdivision Bolton Hill Historic District
MLS Listing ID MDBA2107522
Sold Date 01/24/24
Style Traditional
Abv Grd Liv Area 3,978
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $8,937
Tax Year 2022
Property Description
BEST & FINAL OFFERS DUE BY 5PM ON 12/26. Welcome to 1502 Mt Royal Ave, a distinguished three-unit apartment building situated in the picturesque neighborhood of Bolton Hill. This property offers an outstanding opportunity for investors or owner-occupants seeking a prime real estate investment in a desirable location.
The first floor apartment is a 1 - 2 bedroom unit depending on how tenant wants to configure it. The second and third floor apartments have two - three bedrooms depending on configuration. Modern kitchens, and baths, providing comfortable and contemporary living spaces. Formerly utilized as dorm housing for MICA students, this property offers versatile potential for various residential uses. The property comes with two parking spaces and a backyard. There are no rent rolls, P&L etc. This was a dorm for MICA. All the units are separately metered for gas and electric, and a public meter for common area electric.
Nestled in Bolton Hill, residents will appreciate the easy access to a variety of amenities, including cafes, restaurants, and parks. The proximity to Penn Station provides convenient transportation options, including the MARC Train to DC, Amtrak to Philly or NYC, and the Light Rail to BWI, enhancing the connectivity of the neighborhood.
This desirable neighborhood offers a perfect blend of urban convenience and community charm, creating an appealing living environment for all. Whether you're considering it as an investment opportunity or a new place to call home, 1502 Mt Royal Ave presents endless possibilities for investors and potential owner-occupants looking to offset their monthly expenses.
The property is located in a CHAP Historic District and it is subject to the Midtown Special Benefits District Surcharge Tax. Buyer to verify zoning with Baltimore City. There is no past rent roll for this property. It was a dormitory for MICA students. Property is delivered vacant, with no tenants.
Don't miss the chance to explore the potential of this exceptional property in Bolton Hill. Schedule a showing today and discover the allure of 1502 Mt Royal Ave.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Mount Royal Elementary-Middle School
School District Baltimore City Public Schools
Others
Tax ID 0314010369 021
Ownership Ground Rent
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Rachael Altemose • Monument Sotheby's International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "