5527 RITTER AVE #2 Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21206
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