Listing Courtesy Of:
RE/MAX Advantage Realty, 4435739200, Ronald Howard
Local Realty Services Provided By:
Keller Williams Legacy
Overview
What It'll Cost
Neighborhood
Similar Homes
$325,000
400-402 PITMAN PL, BALTIMORE, MD 21202
8 Beds
4 Baths
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$325,000
400-402 PITMAN PL, BALTIMORE, MD 21202
Estimation provided by Keller Williams Realty Inc.
8 Beds
4 Baths
Active
For Sale
Property Description
*INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92’ of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140,000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request
Assessed Value is a combination of the land and additions.
2023
$3,073
(+159.88%)
$130,200
Land 24,000 +
Additions 106,200
2022
$1,182
(+67.8%)
$50,100
Land 12,000 +
Additions 38,100
2019
$704.63
(-0.48%)
$30,000
Land 7,000 +
Additions 23,000
2018
$708
$43,400
No Breakdown Available
2017
$708
$30,000
Land 7,000 +
Additions 23,000
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