1.07 Acres Lot
1.07 Acres Lot
Open House
Wed Jul 15, 10:30am - 10:30am
Tue Jul 28, 12:00pm - 12:00pm
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2221480
Year Built 1960
Annual Tax Amount $69,137
Tax Year 2025
Lot Size 1.074 Acres
Acres 1.07
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
WEDNESDAY, JULY 15th STARTING AT 10:30AM and TUESDAY, JULY 28th STARTING AT 12:00PM. Rare opportunity to acquire The Embassy Apartments, a well-established mixed-use asset located in Baltimore's desirable Glen neighborhood. This income-producing property consists of 32 residential apartments and 15 office suites, offering a diversified revenue stream and long-term investment stability. The commercial component is fully occupied, with all 15 office suites leased, providing consistent cash flow from an established tenant base. The residential portion features 32 apartment units, 29 of which are currently occupied, presenting immediate income with additional upside through lease-up of the remaining vacancies. Strategically positioned along Clarks Lane with convenient access to major transportation routes, employment centers, retail amenities, and neighborhood services, The Embassy Apartments offers investors the opportunity to acquire a stabilized mixed-use property with existing cash flow and future value-add potential. Unit Mix:
6 - 1 Bedroom 1 Bath Units
22 - 2 Bedroom 2 Bath Units
4 - 3 Bedroom 2 Bath Units
**Scheduled Gross Monthly Rent of $49,100**
**Scheduled Gross Annual Rent of $589,200**
**Potential Gross Monthly Rent of $54,000**
**Potential Gross Annual Rent of $648,000**
Projected Annual Expenses:
Taxes (7/1/26-6/30/27) $69,834
Gas & Electric (Per 2024 Expenses) $43,896
Water (Per Recent Bills) $42,469
Trash Removal "To come"
Licenses (Estimated at $50/Unit) $2,400
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, co-listing broker or the owner make any representations or warranties with respect to the accuracy of information.
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water Other
Heating Other, Forced Air
Cooling Central A/C, Other
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
Accessibility Other
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327234293 018
Ownership Fee Simple
Special Listing Condition Auction
Nearby Locations
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