MUST BE NO CONTINGENCIES, 20 DAY CLOSING USING GRANITE TITLE, $5,000 NON-REFUNDABLE DEPOSIT. HIGHEST AND BEST OFFERS REQUESTED BY OCTOBER 31,2020... Wonderful Opportunity. Legally zoned 3 unit building. Recently appraised at $330K. 50% LTV. That leaves $161K in equity to finish the project. Right next to Bolton Hill. Each unit is 1 bedroom, 1 full bath. Separate systems and meters.The property has been renovated and is 95% completed. New electric, plumbing,etc. Start earning income today. Potential rent $2700. Easy to show and easy to sell! Agents, please do not share combination with any unauthorized persons. Basement steps are not finished- proceed with caution! Seller requires Granite Title be used and no contingencies- inspections should be done prior to contract offers.
Off market
Zestimate®
$281,200
505 McMechen St, Baltimore, MD 21217
--beds
0baths
--sqft
MultiFamily
Built in 1920
-- sqft lot
$281,200 Zestimate®
$--/sqft
$1,595 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air
Cooling
- None
Features
- Has fireplace: Yes
Property
Features
- Exterior features: Brick
Lot
- Size: 1,350 sqft
Details
- Parcel number: 14120362015
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Baltimore
- Municipality: Baltimore City
Other
Other facts
- Heating: Forced Air
- HeatingYN: true
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Brick
- ArchitecturalStyle: Colonial
- SpecialListingConditions: Standard
- ParkingFeatures: On Street
- MlsStatus: Pending
- Municipality: Baltimore City
- StructureType: Interior Row/Townhouse
- TaxAnnualAmount: 1416.0
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$281,200
2% more+$5,624
With Zillow Showcase(estimated)$286,824