Baltimore, MD 21218,713 E 20TH ST

$23,000

$25,000

8.0%
Est.Price: ?

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Est. payment /mo

5 Beds

1 Bath


SOLD DATE : 07/13/2023

Key Details

Sold Price $23,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Subdivision East Baltimore Midway

MLS Listing ID MDBA2087988

Sold Date 07/13/23

Style Traditional

Bedrooms 5

Full Baths 1

HOA Y/N N

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $897

Tax Year 2022

Property Description

Welcome to 713 E. 20th St., Baltimore, MD 21218! This property presents an amazing investment opportunity for savvy buyers looking to capitalize on its potential. Boasting a highly desirable location, this three-story building offers a range of possibilities for the discerning investor.

The property has tremendous potential for a high after-repair value (ARV) due to the favorable comparables in the area. Surrounding properties have demonstrated a strong market performance, making this an enticing opportunity for those seeking a profitable investment venture.

It is important to note that this property has experienced fire damage to the rear. While unfortunate, this unfortunate event opens up the potential for a complete rehabilitation and renovation, allowing buyers to customize the property to their exact specifications. The fire damage presents an opportunity to reimagine the space and create something truly remarkable.

Prospective buyers and their agents should be aware that there may be safety concerns associated with the fire-damaged area. As such, it is essential that all individuals entering the property do so at their own risk. To ensure a safe and informed experience, buyers and agents will be required to sign a hold-harmless agreement before gaining access to the premises.

Beyond the fire-damaged portion, the property offers a wealth of possibilities. With its three-story layout, there is ample space to design a variety of configurations, such as multi-unit apartments or a spacious single-family home. The choice is yours to make, limited only by your imagination and vision.

Located in the vibrant city of Baltimore, this property benefits from a range of local amenities, including restaurants, shops, and entertainment venues. Its convenient location provides easy access to major transportation routes, making commuting a breeze.

In summary, 713 E. 20th St., Baltimore, MD 21218 presents a rare investment opportunity with high ARV comps and tremendous potential. The property has sustained fire damage to the rear, requiring buyers and agents to enter at their own risk and sign a hold-harmless agreement. With three stories and a prime location, this property is ready for transformation into a lucrative investment. Don't miss out on the chance to turn this diamond in the rough into a shining gem of Baltimore's real estate market.

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Unfinished

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Senior Community No

Tax ID 0309074001 037

Ownership Ground Rent

SqFt Source Estimated

Acceptable Financing Cash, Private, Negotiable, Other

Horse Property N

Listing Terms Cash, Private, Negotiable, Other

Financing Cash,Private,Negotiable,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Timothy Lee Joseph Dominick • Coldwell Banker Realty
Bought with Lakeya Zena White • Keller Williams Realty Centre
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