Homes for sale - 11015 REISTERSTOWN RD, Owings Mills, MD 21117

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 936 sqft

Price per Sqft $454

Subdivision Pleasant Hills

MLS Listing ID MDBC2110752

Style Traditional

Bedrooms 3

Full Baths 2

Half Baths 1

Year Built 1960

Annual Tax Amount $2,128

Tax Year 2024

Lot Size 0.760 Acres

Property Description

INVESTOR ALERT! Sold as-is along with 3 adjacent properties 11015, 11017 and 11021 Reisterstown Rd. OR 2 Zoning. Will NOT be sold separately. Selling all 4 properties for $1,699,960.

Incredible and rarely available opportunity for developers or long-term investors to acquire a package of four adjacent houses on a massive 3.29-acre lot with significant land value, located on the bustling Reisterstown Rd - a major thoroughfare with updated infrastructure and high traffic counts, ensuring a steady flow of potential customers and clients.

REMARKABLE DEVELOPMENT OPPORTUNITY: The excellent frontage offers high visibility and accessibility, while OR 2 Zoning allows for versatile use and development options, including professional offices, restaurants, banks, and residential units, making it ideal for developers looking to create a dynamic, multi-use space. Special exception uses permitted include hotels, health clubs, and parking structures…

EXCEPTIONAL INVESTMENT OPPORTUNITY: Prime LAND with busy street frontage offers long-term value growth, while existing houses provide steady rental income to cover the cost of the initial investment, ongoing expenses, and potential improvements, making it a well-rounded and sustainable asset.

All properties offered AS-IS. Buyer to verify all specifics.

Two houses (11015 and 11021) are currently rented. The tenants are on flexible month-to-month leases with no past due rent and are open to signing a new long-term lease or can move out.

11015 house was rented for six years under a government program for disabled individuals, successfully passing all inspections and being fully licensed and registered for program participation.

11019: Renovation in progress, featuring a brand new AC/heat unit with a 3-year warranty, security cameras, and two electric meters.

11017: Ready for renovation with a stabilized foundation; dry, clean, and odor-free.

Convenient short proximity to FOUNDRY ROW shopping center and WEGMANS, TARGET, COSTCO, MILL STATION Shopping Center, MARRIOTT Owings Mills Metro Centre, STEVENSON University. Additionally, the nearby parks, diverse restaurants, shops, prestigious private schools, numerous new developments around, superb recreational and medical facilities make these properties highly attractive for potential residents or tenants.

Location

State MD

County Baltimore

Zoning OR 2

Interior

Hot Water Natural Gas

Heating Central

Cooling Other

Exterior

Water Access N

Building

Story 3

Foundation Permanent

Sewer Septic Exists

Water Public

Structure Type Dry Wall

New Construction N

Schools

School District Baltimore County Public Schools

Others

Special Listing Condition Standard

Pets Allowed No Pet Restrictions