This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/47
5447 Park Heights Avenue, Baltimore, MD 21215
$999,000
5447 Park Heights Avenue, Baltimore, MD 21215View this property at 5447 Park Heights Avenue, Baltimore, MD 21215
5447 Park Heights AvenueBaltimoreMD21215
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/47
Property Description
Must Sell! Appraised at $1.2M - $150,000 Discount! $126,000 Gross Income generating a 7.49% Cap Rate. Three Parcel C-2 Commercial, all-brick 12,354 sq. ft. building sitting on a 0.23-acre corner lot. Five Commercial/Retail tenants on the ground floor with additional residential units on the second floor. Retail Tenants include: Tax Preparation Service, Hair Salon, Driving School, Paparazzi African Grill & a Shipping Company. Residential Units: 5447 Park Heights has three 2BD 2BA apartments, 5451 Park Heights has a studio apartment and 3 rooming units, and 5455 Park Heights also has a studio apartment and 3 rooming units. Commercial units are impressive with 110 ft deep lots, a front 10-car parking lot for customers, and rear garage entrances for the commercial tenants. The seller has invested $100,000 into improvements but a large value-add opportunity exists to increase rent, equity, and cash flow! With proper improvements, management, and tenant makeup, the rent roll could be significantly increased very quickly. C2 Zoning would allow reconfiguration of rooming units into standard apartments if desired. Located in a prime corner location in fast-developing Park Heights. The attractive mix of neighborhood retail in a dense and high-traffic area and affordable residences make this property nearly recession-proof and a solid income earner for your portfolio. Don't miss out. Contact us for more info today!
Full Property Details
Full Property Details for 5447 Park Heights Ave
General
- Price: $999,000
- Taxes: $6,266 (2024)
- Status: Active
- Type: Retail
- MLS ID: MDBA2114854
- Updated: 5/24/2024
- Added to Site: 106 day(s) ago
Business
- Business Type: Apartment Building, Flex, Hair Salon and Spa, Other/G
Parking
- Total Spaces: 10
- Parking Type: Parking Lot
Location
- Municipality: Baltimore City
- County: Baltimore City
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Drive-In Doors: 5
- Stories/Levels: 0
- Year Built: 1926
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size Source: Estimated
- Zoning: C-2
Financial Considerations
- Price Per Sq. Ft.: $80.86
- Assessment Year: 2024
- City/TownTax: $5,968
- City/TownTax Freq: Annually
- County Tax: $297
- County Tax Freq: Annually
- Tax w/Assessment: $265,500
- Tax Amount: $6,266
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 19
Listed by ExecuHome Realty, Dimitrios Lynch
Get Pre-Approved Today
Schools
Schools serving 5447 Park Heights Ave
School District:Baltimore City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3705 W Rogers Ave, Baltimore, MD 21215 | PK-8 | 0.1 mi | |
1300 Gorsuch Ave, Baltimore, MD 21218 | PK-5 | 4.7 mi | |
3701 Eldorado Ave, Baltimore, MD 21207 | 9-12 | 1.4 mi | |
2301 Gwynns Falls Pkwy, Baltimore, MD 21217 | 9-12 | 2.9 mi | |
501 N Athol Ave, Baltimore, MD 21229 | 9-12 | 4.1 mi | |
1301 McCulloh St, Baltimore, MD 21217 | 9-12 | 4.4 mi | |
1500 Harlem Ave, Baltimore, MD 21217 | 9-12 | 4.4 mi | |
100 N Calhoun St, Baltimore, MD 21223 | 9-12 | 4.8 mi | |
1400 Orleans St, Baltimore, MD 21231 | 9-12 | 5.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5447 Park Heights Ave
Date
Details
Price
Change
Source
5/24/2024
Price Reduced
$999,000
-4.86%
MLS
2/21/2024
Listed
$1,050,000
40%
MLS
5/28/2021
Sold
$750,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5447 Park Heights Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,266
—
$265,500
—
2022
$6,266
-5%
$265,500
-5%
2021
$6,613
1%
$280,200
1%
2021
$6,521
2%
$276,333
1%
2020
$6,400
1%
$272,467
1%
2019
$6,339
27%
$268,600
27%
2018
$5,009
36%
$212,233
36%
2017
$3,678
57%
$155,867
57%
2016
$2,337
—
$99,500
—
2015
$2,348
-4%
$99,500
-3%
2013
$2,435
—
$102,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5447 Park Heights Ave
5447 Park Heights Avenue, Baltimore, MD 21215 (MLS# MDBA2114854) is a Retail property. 5447 Park Heights Avenue is currently listed for $999,000 and was received on February 21, 2024. Want to learn more about 5447 Park Heights Avenue? Do you have questions about finding other Retail real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.