Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
1214 Eutaw is a gut renovated asset located in the historic Bolton Hill neighborhood of Baltimore City. Bolton Hill is home to 20 blocks of mostly preserved, historic buildings and numerous monument and parks. Residents of 1214 Eutaw are just a short walk away from University of Maryland Medical Center (UMMC) Midtown Campus, Maryland State Government offices, University of Baltimore, and the Maryland Institute College of Art (MICA). The property features 26 units with a mix of (5) Studios, (16) 1 Br-1 Ba and (3) 2 Br-2 Ba, as well as (2) commercial spaces. The commercial spaces are leased to a spa and hair salon through May 2026 and September 2025 respectively. There is also a surface lot behind the building with six parking spaces. Current ownership completed a comprehensive gut renovation of the property in 2020, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include stainless steel appliance packages, granite countertops, wood cabinets, hardwood flooring, in-unit washer/dryers, and luxury finishes. The opportunity exists for a new owner to organically increase rents at 1214 Eutaw, as well as implement a water reimbursement program upon renewal and/or new lease. The property also has an existing CHAP Tax Credit in-place through the 2029-2030 tax year, offering future savings. 1214 Eutaw has pre-existing debt that can be assumed. The current balance is $3,190,368 with a 3.875% interest rate. The loan matures in July 2050, with a rate adjustment every 10 years.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.25
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Private, Driveway
Financial
-
Sales Price
$4,560,000
-
Tax Amount
48088.0
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Timothy J Klempa , Permira Realty, LLC
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