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$625,000   Price Analysis
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27 S Gay St
Baltimore, MD 21202
Unknown bed None bath 4,117 SqFt ($151/SqFt)
2,172SqFt lot. Built 1906
Listed 2023-09-17, Taxes $6,622		Ⓧ USDA Ineligible
due to location
near Baltimore

FIRE SALE 1.5 blocks from the National Aquarium and close to the bustling Inner Harbour.

* Sale Pending *

The property has drawings, permit set ready to go! Estimates can be sent (600k estimate 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 fantastic tenant lined up at 17k a month starting the day construction is complete almost triple net.

Tenant pays all expenses except the low taxes. I nsane 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


Presented by Sarah Martinez at
Real Broker, LLC .


Property MLS #MDBA2099372 from BrightMLS

Cooling Features: Central A/C
Heating Features: Forced Air, Central
Heating: Yes

Lot Size Acres: 0.0498623
Lot Size Square Feet: 2172

Number of Units: 1

School District: BALTIMORE CITY PUBLIC SCHOOLS

City Springs Elementary School is a public elementary and middle school located approximately 0.6 miles away.
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Tong Le Montessori School is a private elementary school located approximately 0.2 miles away.
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Baltimore Leadership School For Young Women is a public middle and high school located approximately 0.7 miles away.
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Annual Tax Amount: 6622.0
Source Listing Status: Pending
County: BALTIMORE CITY
Source Property Type: Multi-Family
Area: BALTIMORE CITY
Source Neighborhood: BALTIMORE CITY
Postal Code Plus 4: 4006
Township: Baltimore City
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$172,000 + $108,600
$280,600		$6,622
2021$177,400 + $108,600
$286,000		$6,749
2020$unknown + $unknown
$283,033		$6,679
2019$unknown + $unknown
$280,067		$6,578
2018$168,500 + $108,600
$277,100		$6,539
2017$168,500 + $108,600
$277,100		$6,539
2016$168,500 + $108,600
$277,100		$6,539
2015$201,400 + $108,600
$310,000		$7,281
2013$unknown + $unknown
$309,033		$7,270
2012$unknown + $unknown
$307,100		$7,308
2011$unknown + $unknown
$306,567		$7,296
2010$unknown + $unknown
$306,033		$7,283
2009$unknown + $unknown
$305,500		$7,270
2008$unknown + $unknown
$221,432		$5,270

Price Changed 2024-04-11
$625,000
BrightMLS
Price Changed 2024-02-12
$800,000
BrightMLS
Price Changed 2023-11-03
$500,000
BrightMLS
Price Changed 2023-10-23
$600,000
BrightMLS
Price Changed 2023-10-03
$630,000
BrightMLS
Listed 2023-09-17
$700,000
BrightMLS
Sold 2023-03-06
$305,000
Public Record
Listing removed 2009-08-01
$580,000
MRIS
Listed 2009-05-21
$580,000
MRIS
Sold 1996-11-13
$61,740
Public Record
Sold 1988-02-23
$245,000
Public Record

Total Square Feet Living: 5489
Year Built: 1906
Construction Materials: Brick
Property Age: 118
House Style: Federal
Total Below Grade Area: 1372
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