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600 Fairmount Ave - Fairmount Green 1,907 SF Office Condo Unit Offered at $305,000 in Towson, MD 21286

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INVESTMENT HIGHLIGHTS

Second floor corner unit
Some furniture is negotiable
Walk to all Towson restaurants and amenities

7 reserved parking spaces included
Professional property management
Local lenders offering up to 85/15 LTV

EXECUTIVE SUMMARY

3 story general business office condominium regime in Towson. The building features on site parking and professional property management . Owners enjoys all the economic advantages of real estate ownership with no management responsibilities.

PROPERTY FACTS

Total Building Size	23,000 SF	Typical Floor Size	7,670 SF
Property Type	Office (Condo)	Year Built	1988
Property Subtype	Loft/Creative Space	Lot Size	1.15 AC
Building Class	C	Parking Ratio	3.26/1,000 SF
Floors	3
Zoning	RO, County - RO - Residential Office - designed for areas no longer viable as single-family residential areas. No medical uses permitted by restrictive covenants

Total Building Size	23,000 SF
Property Type	Office (Condo)
Property Subtype	Loft/Creative Space
Building Class	C
Floors	3
Typical Floor Size	7,670 SF
Year Built	1988
Lot Size	1.15 AC
Parking Ratio	3.26/1,000 SF
Zoning	RO, County - RO - Residential Office - designed for areas no longer viable as single-family residential areas. No medical uses permitted by restrictive covenants

Bus Line

Natural Light

1 UNIT AVAILABLE

Unit 206

Unit Size	1,907 SF	Condo Use	Office
Price	$305,000	Sale Type	Owner User
Price Per SF	$159.94	No. Parking Spaces	7

Unit Size	1,907 SF
Price	$305,000
Price Per SF	$159.94
Condo Use	Office
Sale Type	Owner User
No. Parking Spaces	7

DESCRIPTION

Fully improved general business office condominium on the NW corner of the building fronting Fairmount Avenue. The floor plans features 3 private offices, conference room, kitchen, storage and central bullpen area. seven reserved parking spaces are included.

SALE NOTES

Assume 80/20 LTV with local lenders with 20% down and financing $266,980 @ 6.5% and a 25 year amortization = $1803 monthly mortgage payment ($11.34 sf) plus $1,192 monthly condo fee, $2,224 annual special assessment and $5,032 annual real estate taxes. Average BGE runs $75 monthly. Why lease when you can own for less.