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Daniel Rallo

danielrallo@kw.com +1(609) 338-7364

$ 99,500

Est. payment -/mo

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5527 RITTER AVE #2 Baltimore, MD 21206

0.28 Acres Lot

UPDATED:

08/14/2024 11:18 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Frankford

MLS Listing ID MDBA2127418

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $526

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 0.00 x 0.00

Property Description

Deal of a Lifetime. Seller needs funds for another project and says, "Sell!" The hard work has all been completed, with over $50,000 invested in development work. See uploaded Completed Subdivision, Architectural Drawings, Site Plan, and Plat. The plans are for beautiful townhomes that are 20ft wide, 40ft long, and 3 stories tall. Each townhome includes 4 bedrooms, 3.5 bathrooms, a master suite, laundry, garage, and bonus deck. Smaller new construction townhomes have sold for $400K+ and could easily result in a potential $1,600,000 sell-out. The only reason the seller does not have building permits in hand is that he does not want to start the clock ticking on the construction timeline yet. This is a great opportunity to build today, but it's also cheap enough to buy and hold while prices continue to increase, potentially leading to a larger profit down the road. Don't miss out. Take a look at the uploaded documents! This deal will not sit. Purchases must be cash or equivalent, with non-contingent contracts. Do you have a property to sell? Participate in our Trade-Up Program, and we will buy yours for cash!* Schedule a tour today!

Location

State MD

County Baltimore City

Zoning RESIDENTIAL

Exterior

Waterfront N

Water Access N

Garage N

Building

Lot Description Level, Additional Lot(s)

Sewer Public Hook/Up Avail

Water Public Hook-up Available

Schools

School District Baltimore City Public Schools

Others

Tax ID 0326226019P043B

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Bank Portfolio, Conventional

Horse Property N

Listing Terms Cash, Bank Portfolio, Conventional

Financing Cash,Bank Portfolio,Conventional

Special Listing Condition Standard

Listed by Dimitrios Lynch • ExecuHome Realty

Daniel Rallo

Broker Associate | License ID: 0448508

+1(609) 338-7364

Daniel Rallo

5527 RITTER AVE #2 Baltimore, MD 21206

Key Details

Location

Exterior

Building

Schools

Others

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5527 RITTER AVE #2