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Description

Huge Day Care Center with 35-child capacity and a waiting list occupies the ground floor which stretches from the corner of Saratoga Street 100′ down Liberty Street giving this location excellent visibility and easy access to parents who work in neighboring Downtown Central Business District.  The first floor is occupied by a successful Barber Shop.  The 2nd and 3rd floor each contain a renovated 2-bedroom apartment.  The apartments have washer-dryer in the unit, separate electric meters with electric heat-pump heat, central air conditioning, and an electric water heater.  Renovated in 2009, the property is Certified Lead-Free Limited.  Click on the “Cash Flow Statement” for complete details on the rental rates, lease terms, property taxes, and more. Be sure to check out  224 N. Liberty Street, which is 2 doors away, fully renovated and fully leased, to add some additional revenue for you.

Investment Summary:
$495,000
$123,750  per unit
$85   per square foot
7.6     Gross Rent Multiplier
8.5     Cap Rate
11.6% Positive Cash Flow

  • Address: 105 Saratoga St
  • City: Baltimore
  • State/county: Maryland
  • Neighborhood: Downtown
  • Country: United States

Detail

Updated on April 19, 2019 at 5:01 pm

  • Price: $495,000
  • Units: 2
  • Property Type: Commercial - Mixed Use - Retail
  • Property Status: For Sale - COMP

Contact info

Ben Frederick Realty
Ben Frederick Realty

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