1214 EUTAW PL Baltimore, MD 21217
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 23,274 sqft
Price per Sqft $195
MLS Listing ID MDBA2167802
Year Built 1900
Annual Tax Amount $48,088
Tax Year 2024
Lot Size 0.251 Acres
Acres 0.25
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property features 26 units with a mix of (5) Studios, (16) 1 Br-1 Ba and (3) 2 Br-2 Ba, as well as (2) commercial spaces. The commercial spaces are leased to a spa and hair salon through May 2026 and September 2025 respectively. There is also a surface lot behind the building with six parking spaces. Current ownership completed a comprehensive gut renovation of the property in 2020, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include stainless steel appliance packages, granite countertops, wood cabinets, hardwood flooring, in-unit washer/dryers, and luxury finishes.
The opportunity exists for a new owner to organically increase rents at 1214 Eutaw, as well as implement a water reimbursement program upon renewal and/or new lease. The property also has an existing CHAP Tax Credit in-place through the 2029-2030 tax year, offering future savings. 1214 Eutaw has pre-existing debt that can be assumed. The current balance is $3,190,368 with a 3.875% interest rate. The loan matures in July 2050, with a rate adjustment every 10 years.
Location
State MD
County Baltimore City
Zoning OR-1
Interior
Hot Water Electric
Heating None
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 6.0
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0311060418 006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Assumption, Cash, Conventional
Listing Terms Assumption, Cash, Conventional
Financing Assumption,Cash,Conventional
Special Listing Condition Standard
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