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117 W Saratoga St,

BALTIMORE, MD

$675,000

4,000 Sqft
0.04 Acres

**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

Open House

This listing has no open house scheduled yet.

Facts & Features
MLS® # MDBA2010410
Price $675,000
Bathrooms 0.00
Square Footage 4,000
Acres 0.04
Year Built 1920
Type Commercial Sale
Sub-Type Five Or More Units
Status Active Under Contract
Community Information
Address 117 W Saratoga St
City BALTIMORE
County BALTIMORE CITY-MD
State MD
Municipality Baltimore City
Zip Code 21201
Amenities
Is Waterfront No
Interior
Heating Baseboard - Electric
Cooling Ductless/Mini-Split
Has Basement No
Fireplace No
Exterior
Exterior Brick and Siding
Foundation Concrete Perimeter
School Information
District BALTIMORE CITY PUBLIC SCHOOLS
Additional Information
Date Listed August 27th, 2021
Days on Market 24
Zoning C-5HT
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Cummings & Co. Realtors

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Listing information last updated on September 21st, 2021 at 10:46pm EDT.