316 Paca StBaltimore, MD 21201

Property Details for 316 Paca St

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

4,725 SF

Zone code

C-5DC

Property type

Apartment buildings

APN

04-03-0575 -027

APU

4030575027

Description

This three-story, eight-unit apartment building at 316 N Paca St, Baltimore, MD 21201 presents a compelling investment opportunity. The property boasts a mix of studio, one-bedroom, and two-bedroom units, offering a diverse rental portfolio. Currently featuring four studios, three one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit, there's significant potential to increase rental income by 22%. Its central Baltimore location offers unparalleled convenience, with easy access to major employers like the University of Maryland Medical Center and Mercy Medical Center. Proximity to the University of Maryland, Johns Hopkins University, and MICA ensures high occupancy rates. Residents enjoy nearby amenities including Lexington Market, Harborplace & The Gallery, The Shops at Canton Crossing, and excellent public transportation options. Furthermore, its location near Interstate 95 and Interstate 83 provides convenient access to major roadways. The property's proximity to Oriole Park at Camden Yards and M&T Bank Stadium adds to its desirability and rental potential. This building offers a blend of strong current income and significant upside potential for future growth, making it an attractive investment in a thriving urban market. The building includes an on-site washer and dryer facility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,263,336

  6.5%

  $1,166,156

  7%

  $1,082,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,737

  Geo Method

  $460,737

• Alternative Use

  Use

  Valuation

  Residential

  $1,166,156

  Hospitality

  $1,068,193

  Educational

  $888,724

  Medical

  $919,288

  Retail

  $1,382,459

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2934

Longitude

-76.6229

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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