Christopher Smith 4103397160

600 Fairmount Ave - Fairmount Green 1,907 SF Office Condo Unit Offered at $333,725 in Towson, MD 21286

INVESTMENT HIGHLIGHTS

Second floor corner unit
Existing 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

Price	$333,725	Building Class	C
Unit Size	1,907 SF	Floors	3
No. Units	1	Typical Floor Size	7,670 SF
Total Building Size	23,000 SF	Year Built	1988
Property Type	Office (Condo)	Lot Size	1.15 AC
Property Subtype	Loft/Creative Space	Parking Ratio	3.26/1,000 SF
Sale Type	Owner User
Zoning	RO, County - RO - Residential Office - designed for areas no longer viable as single-family residential areas. No medical uses permitted by restrictive covenants

Price	$333,725
Unit Size	1,907 SF
No. Units	1
Total Building Size	23,000 SF
Property Type	Office (Condo)
Property Subtype	Loft/Creative Space
Sale Type	Owner User
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

1 UNIT AVAILABLE

Unit 206

Unit Size	1,907 SF	Condo Use	Office
Price	$333,725	Sale Type	Owner User
Price Per SF	$175.00	No. Parking Spaces	7

Unit Size	1,907 SF
Price	$333,725
Price Per SF	$175.00
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.