1404 Inverness Ave, Baltimore, MD 21230

Property Description

CALLING ALL INVESTORS—MAKE AN OFFER!Bring all OFFERS COME SEE THIS LARGE ESTATE LOT! Fantastic legal multi-unit estate property on a large lot!Estate needs updating & potentially offers three or more buildable lots on-site. Rental income of more than $4,500 per month! Live in one unit & rent out the others for income. This multi-unit apartment property sits on a large,flat lot of more than 16,000 square feet on a private street. The property is zoned for 13 townhouses, or you can build another unit on this oversized lot. It is located on a private, dead-end street with only two other homes on the entire block. None of the other homes on the street directly face this property. If you’re looking for a large, private estate that provides plenty of privacy without paying top dollar, this property is for you. The lot is so large & wide that it occupies more than 75% of the block. Sitting high above street level & surrounded by a very high, locked fence, the property will make you feel very safe. Enjoy an amazingly quiet neighborhood surrounded by ranch-style homes, with barely any foot or vehicle traffic. Walk around the large lot surrounding this multi-unit property, & you will feel as though you are walking through a park. Come take a walk around the neighborhood—you will not see foot traffic or hear noise. This is a quiet enclave of homes, & there is a great deal of value in both the land & the neighborhood. The elevated lot offers great nighttime views of downtown Baltimore from both the front & back porches. The building features high ceilings & transom windows, & all six bedrooms have large windows. Let your pets run freely around the large, fenced yard, away from street noise & through traffic. The plumbing & electrical systems have been updated. Each apartment unit has its own water, gas, & electric meters, & all of the meters are newer. Located just two minutes from I-695 & I-95 in Baltimore! This is a great investment opportunity for investors from Northern Virginia, Washington, D.C., or Maryland. The property is only one exit from downtown Baltimore. Because it is located on the southern side of Baltimore, closer to Virginia, you can reach it without traveling through the heavier-traffic parts of Baltimore or dealing with that traffic. The backyard also includes three sheds & a one-car garage. Rental income of more than $4,500 per month—make an offer! The lot previously had approximately seven or eight trees that were more than 100 years old, with canopies spreading more than 100 feet wide. Those trees have been cleared, leaving the lot prime & ready for the development of your choosing. The property comes with a large barbecue pit in the backyard, a large pool, & extra logs to burn in the fire pit, which the tenant sometimes uses. There is already a small fence on the portion of the lot where another unit could be built next door. That fence can easily be removed for new construction. The property also has two parking spaces in the driveway on the side of the home. The basement has six huge windows that provide plenty of natural light, along with a separate entrance. The main-level apartment has three separate entrances, with the possibility of adding two more units on the main level. Proof of funds is required before scheduling an appointment so that the tenant is not unnecessarily disturbed A ton of sweat-equity potential! This is a homeowner’s dream—a large, private enclave lot. You must drive by to appreciate the size of the lot & the super-quiet, safe neighborhood The owner is from Arlington,Virginia,they do not have time to manage the property. Buyer must independently confirm & verify all property details with Baltimore City, including zoning, permitted uses, lot size, subdivision potential, development potential, & the ability to construct additional units or townhouses NO HOA All kitchens, bathrooms, & other areas of the home need to be updated & remodeled more is a great REMOD