400-402 Pitman Place Baltimore, MD 21202

$430,000
8
Beds
4
Baths
$430,000
8
Beds
4
Baths
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price reduced
1/11
Street View

*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

*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

  • Neighborhood
  • Type
  • Total Baths
  • County
    Baltimore City
  • Tax Amount
    $3,073
  • Status
    Active
  • Listing #
    MDBA2136270
  • Built
    1920
  • Listed on site
    28 days
  • Listing Agent Id
    121135527755
  • Co Listing Agent Id
    121254528900

Listed by:
RE/MAX Advantage Realty

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • New Construction
  • No Builder Restrictions

Exterior features

  • No Pool

Style

  • End Unit

Property History

DateDays AgoEventNew Price
Sep 18, 202420 hours agoPrice decreased20,000 (4%)$430,000
Sep 9, 202410 days agoPrice decreased25,000 (5%)$450,000
Aug 21, 202429 days agoNew on market$475,000
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