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804 N FRANKLINTOWN ROAD, Baltimore, MD 21216
$1,050,000 Asking Price
$---/mo Est. Payment Get Prequalified »
53,631
sqft
Built in
1940
Explore this 42-unit multifamily residential development project located at 804 N Franklintown Road in Baltimore, MD. The project is designed to include 42 apartment units and 33 parking spaces. Please note that this property has not yet been constructed. You will need to secure your own building permits to initiate construction. The project comes with detailed architectural drawings and all necessary variances have already been obtained, ensuring it is ready for the permitting process. The site is conveniently located just 3 miles from downtown Baltimore and less than 2 miles from Highway 95. Once completed, this project has the potential to generate monthly revenue between $71,000 and $84,000, or even more, depending on the final finishes. Please do your own due diligence. Please be advised that the property currently features a rundown building that must be removed to facilitate this transformative development opportunity. For your safety, do not enter the property. Enclosed are renderings and architectural documents for your review and analysis. The seller has hired Jerryn J. McCray, an architect based in Baltimore, to design the project and he is looking forward to collaborate with you to bring this vision to fruition. We welcome your best offers and look forward to working with you on this exciting opportunity.
Features & Amenities
Interior
- A/C:
- Central A/C
- Heating:
- Y, Central, Electric
- Disability Feature:
- Elevator
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Contemporary
- Parking:
- Fenced
Construction
- Roofing:
- Flat
- General:
- Brick, 3, Other
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- BALTIMORE CITY PUBLIC SCHOOLS
- County:
- BALTIMORE CITY
Lot
- Zoning:
- R-8, 0316212481 003
- View:
- City
- Current Use:
- C
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Monument Sotheby's International Realty, Maja Likakis
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Baltimore, MD
Housing
- Number of Units
- 284,895
- Median Home Value
- $218,468
- Median Rent
- $999
51.54% of housing units are renter occupied.
14.31% are vacant.
Commute
- Car
-
56.64%
- Public Transportation
-
12.24%
- Walk to Work
-
4.82%
- Work from Home
-
24.63%
- Other
-
1.00%
The median travel time to work is 26 minutes.
People
- Population
- 593,752
- Median Age
- 37.20
- Median Household Size
- 2.42
Education
- High School
-
26.02%
- Associate’s Degree
-
4.87%
- Bachelor’s Degree
-
19.32%
- Graduate Degree
-
17.68%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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