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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by Gabe Khoshkheraman • Pickwick Realty

$225,000

Est. payment - /mo

4,356 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2223238

Style Traditional

Year Built 1900

Annual Tax Amount $1,416

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Great opportunity to purchase a mixed-use building in the desirable Barclay neighborhood of Baltimore City. This 4-unit property consists of 3 residential units and 1 commercial unit and offers strong value-add potential. Two units are currently rented, generating a Gross Annual Base Rent of $17,220, with a Potential Gross Annual Base Rent of $55,200 when fully occupied at market rents.
Unit 1 is a main-level residential unit featuring 1 bedroom, 1 bathroom, bonus room, living area, and kitchen, with access to the backyard. Scheduled rent is $850/month, and per seller, the tenant is current.
Unit 2 is an upper-level residential unit.
Unit 3 is a commercial barber shop on the main level with open space and a half bath, rented at $585/month, with a long-term tenant in place for approximately 20 years (per seller).
Unit 4 is an upper-level residential unit with 1 bedroom, 1 bathroom, living area, dining area, and kitchen, currently vacant. The unfinished lower level provides ample storage and houses a gas hot water heater, gas meter, 5 electric meters, and 3 electric panels. All tenants pay their own BGE, and each unit has baseboard heat (per seller). Property is Limited Lead Free and zoned C-1. Expenses: Owner pays water, insurance, property taxes, and repairs as needed.
Ideal opportunity for investors or owner-occupants seeking cash flow with significant upside.

Location

State MD

County Baltimore City

Zoning C-1

Interior

Hot Water Other

Heating Other

Cooling None

Fireplace N

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312153825 027

Ownership Fee Simple

Special Listing Condition Standard

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Nearby School & Business

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

2420 GREENMOUNT AVE Baltimore, MD 21218

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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