Description
Excellent investment property in Highlandtown 3 blocks from Patterson Park! The 1st floor is occupied by a successful long time neighborhood convenience store paying $1650/month plus half of the RE taxes and Water bills for the property. The tenant just renewed their lease for another 5 years starting June 1st 2023 with a $50 bump in rent in the 4th year. This tenant is a staple of the community with a constant flow of foot traffic at all hours. This tenant has access to the basement for storage. The 2nd floor has an exterior walkup to an apartment currently in need of renovation, but capable of renting for $1400-$1500/month once completed. The building is well maintained and attractive. This is an excellent cash flowing asset in an area that is continuing to experience development and investment from businesses, homeowners, and investors alike. This opportunity will not last.
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st April, 2023 2:09 PM (UTC)
