1106 Hollins StBaltimore, MD 21223

Property Details for 1106 Hollins St

Year built

1880

Construction

BRICK

Lot size

0.02 AC

Property size (Sq ft)

1,605 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

18-06-0217 -049

APU

18060217049

Description

This exceptional investment opportunity presents a fully-leased, three-unit property located at 1106 Hollins Street in Baltimore, Maryland, 21223. The property consists of a cozy efficiency apartment, a spacious two-bedroom, one-bathroom unit, and a commercial space currently operating as an art gallery. Both the efficiency apartment and the commercial space generate consistent rental income, while the two-bedroom unit is ready for immediate rental. This presents a strong cash flow potential from day one. The property benefits from its prime location directly across from the soon-to-reopen, extensively renovated Hollins Market. This revitalization project is nearing completion, promising increased foot traffic and business activity in the immediate vicinity. The Hollins Market neighborhood is experiencing significant growth, attracting new businesses, restaurants, and cultural attractions, making it a rapidly developing and desirable area. The versatile commercial space offers high visibility and is suitable for a variety of business ventures, allowing for flexibility and potential for increased rental income. The asking price for this property is $239,900. This represents a compelling investment opportunity in a rapidly appreciating area, offering both immediate income and significant long-term growth potential. The property's blend of historic charm and modern convenience, coupled with its strategic location, makes it an attractive proposition for discerning investors seeking strong returns in a thriving Baltimore neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $346,075

  6.5%

  $319,454

  7%

  $296,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,971

  Geo Method

  $100,971

• Alternative Use

  Use

  Valuation

  Residential

  $396,123

  Hospitality

  $362,846

  Educational

  $301,884

  Medical

  $312,266

  Retail

  $469,597

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2878

Longitude

-76.6355

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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