2926 Christopher Ave | Baltimore, MD 21214
Number of Units - 4
4 of 6 occupied
LAND SF
Parking 5 spaces
Stories - 2
Asking Price Subject to Offer
This offering presents an exceptional investment opportunity at 2926 Christopher Avenue and 6110 Harford Rd, Baltimore, MD 21214. Situated on a corner lot, the property consists of 6 units: 5 residential units, 1 storefront retail unit, and is currently renting garage space for 2 additional parking spaces. All units are contained within a single building across two addresses, with a bus stop conveniently located directly in front, providing tenants with easy access to public transportation.
Strategically located within an Enterprise Zone in Baltimore, this property offers potential tax incentives and benefits for investors. It is near Morgan State University, the vibrant Hamilton-Lauraville Main Street, and major shopping destinations such as Northwood Commons. Additionally, grocery stores like Safeway and Aldi are nearby, and Baltimore’s top employers, including Johns Hopkins University and Hospital, are just a short drive away.
- INVESTMENT HIGHLIGHTS -
• This property offers an expansive and broad yard, offering
residents abundant outdoor space for relaxation.
• The property includes a garage with two rented parking
spaces.
• Situated along a main road, the property benefits from
heightened accessibility.
• Proximity to a bus stop ensures convenient transportation
options for residents.
• The property, located on a corner lot, features 6 units,
including 5 residential units, 1 retail storefront, all within
one building across two addresses.
• Potential to raise rents by 20%, providing a significant
opportunity to enhance the property’s revenue stream.
This increase could be achieved through strategic
upgrades, improving tenant experience, or aligning rents
with current market rates in the area.
• The vacant commercial unit presents an excellent
opportunity to generate additional income once rented.
Potential ideas for tenants include converting the space
into a laundromat or a cleaning service.
The property is located within an Enterprise Zone, offering potential benefits such as tax
incentives and opportunities for economic development.
• ENTERPRISE ZONE BENEFITS INCLUDE:
• Real Property Tax Credits
• 10-year tax credit on incremental increase in property taxes resulting from real property
improvements.
• 80 percent tax credit years 1-5
• Decreases 10 percent annually years 6-10.
• Tax credit goes to the property owner.
• Income Tax Credits
• $1,000 tax credit per new employee.
• $6,000 tax credit over 3 years for hiring economically disadvantaged employee.
• Credit may be carried forward for 5 years.
• Credit may be claimed by any firm located within Enterprise Zone eligible property that
adds new employment meeting certain requirements.