27 South Gay Street

Baltimore, MD 21202

$625,000
Price
Beds
4,117 Sq. Ft.
$152 / Sq. Ft.
4,117
Sq. Ft.
$152
per Sq. Ft.

Description

FIRE SALE 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour. The property has drawings, permit set ready to go! Estimates can be sent (600k estimate in writing done). Water flow test already done. The property has a tax credit over the course of 10 years already approved, locking in a $300k value of property tax. There is a great tenant lined up at 17k a month starting the day construction is complete almost triple net. Tenant pays all expenses except the low taxes. Insane...FIRE SALE 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour. The property has drawings, permit set ready to go! Estimates can be sent (600k estimate in writing done). Water flow test already done. The property has a tax credit over the course of 10 years already approved, locking in a $300k value of property tax. There is a great tenant lined up at 17k a month starting the day construction is complete almost triple net. Tenant pays all expenses except the low taxes. Insane high % cap rate and much of the legwork completed for a lucky investor. The building has been newly renovated (completed in 2006), now vacant and gutted ready to be built with your already approved drawings. Features over 9'6" ceiling height with clear span area on each floor, front and rear staircases, new roof 2005 along with roofing. Cross-posted MLS# MDBA2097820
  1. Listed by Sarah K Martinez • Real Broker, LLC
    P: 3012197498 kim@dmvliving.com

Property Details for 27 South Gay Street

Tax ID Number
0304111351 017
Ownership
Fee Simple
Structure Type
Other
Style
Federal
Waterfront
No
Garage
No
Legal Subdivision
Ward 4
Municipality
Baltimore City

Location

Listing Courtesy of Real Broker, LLC
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LISTING UPDATED: 04/24/2024 08:02 PM

Property Details for 27 South Gay Street

StatusPending
MLS #MDBA2099372
Days on Market221
Taxes$6,622 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1906
Lot Size0.05 AC / 2,172 SF
CountyBaltimore

Location

Listing Courtesy of Real Broker, LLC
Add your commute

Building Information for 27 South Gay Street

Stories-Residences1Year Built1906Building Size-Lot Size0.05 AC / 2,172 SF

Payment Calculator

$3,963 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

$552

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27 South Gay Street

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $280,600
  • Year Assessed: 2023
  • County Tax: $314
  • Improvement Assessed Value: $177,400
  • City Town Tax: $6,308
  • Land Assessed Value: $108,600
  • Clean Green Assessed: No
  • Land Use Code: C
  • Section: 11
  • Zoning: CT05
  • Tax Lot: 017
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 4,117.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 12911980
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Central
  • Heating Fuel: Natural Gas Available
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS
  • List Agent URL: www.DMVLiving.com

Property History for 27 South Gay Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 27 South Gay Street

Taxable ValueLand$108,600Additions$172,000Total$280,600
Tax Record2023$6,622 ($552 / month)
Home Facts
Total Finished SqFt4,117 SqFtAbove Grade Finished SqFt4,117 SqFtStories3Lot Size2,172 SqFtStyleOffice BuildingYear Built1906ZoningC-5TOCountyBALTIMORE CITYAPN04-11-1351 -017

Schools near 27 South Gay Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
Charter - PK to 8
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
City Springs Elementary School
CharterPK to 8

Booker T. Washington Middle School
Public6 to 8

Stadium School
Public6 to 8

Digital Harbor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Real Broker, LLC

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/24/2024 08:02 PM