**Prime investment opportunity, start making money immediately** ** 1031 Exchange
117 W Saratoga has five one-unit apartments with iconic barbershop for store front. Majority of the tenants have been occupying their unit for 4+ years.
This is an opportunity zone. Ideally located to Mt. Vernon, Downtown Baltimore, Mercy Hospital, University of Maryland Medical Center, Metro, Baltimore Convention Center, Royal Farms Arena and many of the unique restaurants and shops Baltimore has to offer.
117 West Saratoga is located in a historic neighborhood and eligible for historic tax credits. Across the street from Odd Fellows Hall (now an apartment building) and St Alphonsus National Shrine. Plus, a bus stop just feet away from the building.
Recent updates: Painted front of building, cornice and windows Fall 2020. Existing ductless in residential units. A/C heat pumps in Barbershop. Barbershop tenants pay 1/3 of the building's water bill per lease agreement. Coin laundry brings in about $1,800 additional income annually.
As you enter the building through the door to the right of Barbershop, there will be mailboxes and stairs to the 2nd floor with 2 units. #2F offers 12 foot ceilings with exposed brick features, floor to ceiling windows, spacious, and lovely ceilings - this unit truly shows the charm of old Baltimore architecture. #2R offers a cozy 1 bedroom unit on the backside of the building offer plenty of natural light. Following the curved stairs to #3R, (recently rented 4/1/21 for $850). This unit is nearly identical to #2R - offering plenty of natural light, stand up shower, large walk-in closet. #3F is offers a very spacious and wide layout with nice cabinetry and fireplace in the bedroom. #4F is at the top of the building offering plenty of natural light and lovely views of the street.
This building is ready for purchase. Seller would prefer to use his title company: Armour Title Company since this is a 1031 Exchange. However, buyer has their right to choose their own. Submit your highest best offer
Courtesy of: Cummings & Co Realtors Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 16th October, 2021 5:18 PM