28 E 25Th Street Baltimore, MD $ 395,000
28 E 25Th Street
$ 395,000
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28 E 25Th Street

Baltimore, MD, 21218
$ 395,000
Baths0.0 Sq 3,723

Monthly Estimate*

$ 2,625

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Studio

Commercial Property for sale in Baltimore, MD

for $395,000. This 3,723 square foot building was built in 1900 on a lot size of 0.04.

Join the Resurgence of 25th Street, Dubbed The Black Wall Street of Baltimore by the Baltimore Sun. Deceptively Large Rowhome in Charles Village: Provides 3,135 Square Feet Gross Living Area Plus Usable Basement Space. Upside Potential to Improve Residential Kitchens and Baths to Achieve Higher Rental Rates. Zoned C-1, The Property Provides Versatility, Allowing Owners to Change Uses from Residential to Commercial as They Desire. The apartments on the second and third floors are plus-sized 1-bedrooms. This interior rowhome boasts large windows on both the north and south walls, with a southern-facing bay window providing bonus natural light. Generous room sizes are accentuated by hardwood floors throughout most of the living spaces. Kitchens have either an 30 electric or gas range, wood cabinets, laminate counters and laminate flooring. The 2nd floor apartment has a porcelain sink top; the 3rd floor has a stainless sink. Bathrooms have modern vanities, cast iron tubs with ceramic tile tub-surrounds. Upgrading kitchens and bathrooms would significantly improve monthly rents. The commercial suites are built-out and upgraded by the Tenants to meet the needs of the Tenants use. The first floor provides medical training and has been home to Phylis Angels Training Center since 2017, with classrooms and training stations. Wall-to-wall carpeting throughout, with a modern half bath and private office in the rear. The terrace retail suite has seen major improvements in the last few years, with new drywall walls and ceilings, recessed lighting, LVP flooring and improved half-bath. The very rear of the terrace is home to the utilities and provides the tenant with additional storage space. Inside this Charles Village Mixed-Use, the apartments are heated by a central Repco 275,00 BTU hot water radiator heating system; radiant heating serves the terrace store. The landlord does pay for the gas heat; a savvy owner could pass this through to tenants, improving cash flow. The 1st floor commercial tenant has their own heat pump with central air. A central 40-gallon gas-fired water heater supplies hot water to all units. Each unit has its own electric meter and pays their own electric. Two gas meters serve the property, one public service and the other presumed for Apartment 2. BGE is not actively billing the owner for natural gas usage. All interior water supply pipes are copper or C-PVC, with a copper water main. All observable interior water drain lines are copper or steel. The landlord currently pays for water. The Charles Village 25th Street corridor has been dubbed the Black Wall Street of Baltimore by the Baltimore Sun. Its numerous clothing retailers, art shops, and beauty stores has made it a fashion destination in Baltimore City. Commercial tenants enjoy the high visibility and walking traffic this location brings. Residential tenants enjoy the close proximity to various restaurants, art venues, and stores. Johns Hopkins, the citys #1 employer, has its Homewood Campus just five blocks north. The central location in Baltimore gives residents a quick commute to downtown Baltimore or a short drive to I-83 for a drive to Baltimore County. The Maryland Avenue CycleTrack is one block away for bike commuters. 28 East 25th Street is designated a Walkers Paradise with a Walk Score of 95; a Transit Score of 80; and a Bike Score of 85.

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Commercial Active

Price

$ 395,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,024

Style

Apartment Building,Professional,/General Retail

Lot Size

0.04

Year Built

1900

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2123120

Features
Interior
Heating Fuel Natural Gas Electric
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Heat Pump(s) Radiant Radiator
Cooling Central A/C Window Unit(s)
Possession Settlement Subject to Existing Lease
Zoning C-1
Construction Materials Brick
Exclusions Tenant possessions' excluded
Year Built 1900
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Apartment Building Professional Other/General Retail
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name CHARLES VILLAGE
Water Access Y/N N
Status ACTIVE
Directions GPS
City BALTIMORE
Buyer Agent Compensation 3
Disclosures Prop Disclaimer Lead Based Paint - State
Zoning Description Licensed for 2 Dwelling Units and 2 Stores
Total Units 4
Lot Size Square Feet 1596.00
Waterfront Y/N N
Street Name 25TH
Tax Annual Amount 5024.0
Price Per Sq Ft 126.0
Vacation Rental Y/N N
Days on Market 8
Standard Status Active
Year Built Source Estimated
Legal Subdivision Ward 12
Tax Lot 029
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
Building Area Total 3135.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 71800.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 28
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* Excluded Features
List By
Ben Frederick Realty, Inc.

Broker

will@benfrederick.com

Email

Affordability Calculator

$3,044
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,625
Monthly Property Taxes
$419
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$395,000 Listed Price

Map


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28 E 25Th Street, Baltimore, MD, 21218 is a Commercial Property for sale at $395,000 with 3,723 sqft and a lot size of 0.04. 28 E 25Th Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 21218 which is in Baltimore, MD