400-402 Pitman Pl , Baltimore, MD 21202
Baltimore, MD 21202
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
Details
| Mls | MDBA2137502 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 100 |
| Listing Provided By | RE/MAX Advantage Realty | John Stockton |
Features
| Zoning | R-8 |
|---|
Market Activity 21202
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Learn More About This Property
| State | MD |
|---|---|
| County | Baltimore City |
| City | Baltimore |
| Zip Code | 21202 |
| School District | Baltimore City Public Schools |
| Listing VS Median (in 21202) | |
Price: $375,000 low | high Med: $225,000 On Site: 100 low | high Med: 49.000000 | |