MD > Baltimore > Frankford
Baltimore, MD 21206,5527 RITTER AVE #2
Baltimore, MD 21206,5527 RITTER AVE #2
Baltimore, MD 21206,5527 RITTER AVE #2
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$99,500
Est. payment /mo
0.28 Acres Lot
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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

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

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Bright MLS (BMLS)
Listed by Dimitrios Lynch • ExecuHome Realty
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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5527 RITTER AVE #2

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