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27 S Gay Street Baltimore, MD $ 625,000
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$ 625,000 Get more info
27 S Gay Street
$ 625,000
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27 S Gay Street

Baltimore, MD, 21202
$ 625,000
Baths0.0

Monthly Estimate*

$ 4,154

27 S Gay Street, Baltimore, MD 21202 - Image 1
27 S Gay Street, Baltimore, MD 21202 - Image 2
Studio

Multi-Family Home for sale in Baltimore, MD

for $625,000. This home was built in 1906 on a lot size of 0.05.

Buyer defaulted due to financing 5/17 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 and 6 month construction 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

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Multi-Family Active

Price

$ 625,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,622

Style

Federal

Lot Size

0.05

Year Built

1906

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2099372
Features
Interior
Heating Fuel Natural Gas Available
Hot Water Other
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air Central
Cooling Central A/C
Possession Negotiable
Zoning CT05
Architectural Style Federal
Construction Materials Brick
Year Built 1906
Property SubType Other
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Section 11
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions 1.5 blocks from the water
City BALTIMORE
Buyer Agent Compensation 3
Total Units 1
Lot Size Square Feet 2172.00
Waterfront Y/N N
Street Name GAY
Tax Annual Amount 6622.0
Two Bedroom 0
Structure Type Other
Price Per Sq Ft Total 151.81
Vacation Rental Y/N N
Days on Market 223
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 4
Tax Lot 017
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool No Pool
Water Source Public
Type of Parking None
Water View Y/N N
Lot Size Acres 0.05
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 108600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 27
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* Excluded Features
List By
Real Broker, Llc

Broker

kim@dmvliving.com

Email

Affordability Calculator

$4,706
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,154
Monthly Property Taxes
$552
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533253 Elementary School
3533153 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/3/2023$500,000 -16.67% Price Down
10/23/2023$600,000 -4.76% Price Down
10/3/2023$630,000 -10.00% Price Down
9/18/2023$700,000 Listed Price

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27 S Gay Street, Baltimore, MD, 21202 is a Multi-Family Home for sale at $625,000 with a lot size of 0.05. 27 S Gay Street is a studio with 0.0 baths and was built in 1906. The property's zip code is 21202 which is in Baltimore, MD

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