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300 West Chesapeake AvenueTowson, MD 21204Price: $800,000

  • Price: $800,000
  • 80 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $800,000List Price
  • 0.27Acreage

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Cummings & Co. Commercial is pleased to present 300 West Chesapeake Avenue, an opportunity to acquire 5 units and 26 parking spaces in the heart of Towson, Baltimore County. 300 West Chesapeake Avenue is located directly across the street from the Towson Courthouse. Residents of 300 West Chesapeake are just steps away from fine eateries, movies, the Farmers' Market, Towson Place as well as the proposed Whole Foods that is planned for central Towson. Three 1-bedroom, one bath units are leased with flexible termination terms. The property has some deferred maintenance. All apartments will need complete renovation to realize current market value. A new owner can achieve higher rents on the units based on the exceptional location of this property. The opportunity also exists for a new owner to renovate the units at 300 West Chesapeake with a suggested scope of updated appliances, resurfaced countertops, new cabinets and updated bathrooms. Additional value-add opportunities include evaluating the potential to add in-unit washer/dryers, amenity upgrades such as refreshing common areas and leasing the current 26 parking spaces. Current zoning allows the new owner to redevelop as office space and/owner owner/user possibility.

Property Details of 300 West Chesapeake Avenue

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Listed by Barbara J Cox and Susan L Ludwig of Cummings & Co. Realtors

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 21, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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