Fells Point Commercial/Investment Property for Sale, Baltimore
New: Fells Point Investment property for sale. Property features $72,000 per year gross income potential from 4 individual units located at 1924 and 1926 Fleet St. Properties consist of two commercial spaces as well as two apartments. Offered at 8% capitalization rate, roughly $160/sq. ft.
Mixed use buildings collectively consist of 4,290 sq. ft. +/- and [...]
Fells Point Retail/Commercial Space for Lease
We are pleased to note that one of our own commercial/retail properties is now available for lease. FULL DISCLOSURE: Blevins Wist Real Estate Principals are the owners of this space and are both licensed real estate agents.
For more information on this Fells Point commercial space for lease , please visit this page: View Listing.
The property [...]
New Home Technology, Green Designs Still Going Strong
Despite news that new home sales rose in February, home builders are generally suffering along with the rest of the U.S. public and homeowners in the current climate. There are, however, encouraging signs that new home technologies and green designs are not being dismissed by homebuilders and, in fact, that such initiatives and new home [...]
Stinky Chinese Drywall
As someone who has spent more time with drywall than I actually have desired (yet not nearly so much as a professional), I can say that I’m not overly fond of the stuff. It’s a great invention, mind you, and certainly more effective and easy to use than plaster and lathe. But hanging it is [...]
Existing Home Sales Rise in February, but Prices Down
According to the National Association of Realtors, existing home sales jumped 5.1% nationwide in February, 2009, though prices were down 15.5% from the same month last year. Sales prices were unprecedented, falling to the same lows last seen in 1997, and economists are predicting that, nationwide, prices will probably fall well into 2009. Nicolas Retsinas, [...]
Help for Responsible Homeowners Has Arrived
Loan modification programs - all of which, until now, have focused on those who are delinquent - have been talked about ad nauseam on discussion boards and in the comments sections of blogs all across the real estate “blogosphere.” Many have become so fed up that they’re ready to dismiss the entire country as one [...]
Fed’s $1.2 Trillion Move Inspires “Wows”
For those who didn’t hear of the news yesterday that the Federal Reserve plans on pumping $1.2 trillion in the U.S. economy, let me assure you that this is BIG news. It was no surprise that the Federal Open Market Committee kept the federal funds rate at .25%, and economists expect that rate to stay [...]
At Long Last, Barney Frank Realizes Something’s Wrong
Rep. Barney Frank (D-Mass.), who is chairman of the House Financial Services Committee, didn’t heed warnings by the Bush administration in 2003 when they said that something was amiss at Fannie Mae and Freddie Mac. He proved short-sighted again in 2005 when John McCain and others put forth a bill for stricter lending practices from [...]
Housing Construction Jumps in February, 2009
Oddly, and quite unexpectedly, housing starts jumped in February, 2009, showing a 22.2% increase over January. Though the increase was welcome news in some corners, housing construction remains 47.3% off the mark from last year and most of the February gain came from the construction of apartments, which tend to be more volatile than construction [...]
OUCH…Maryland Ranks 5th Nationally in Mortgage Fraud
A report put forth by the Mortgage Asset Research Institute showed that mortgage fraud jumped 26% in 2008. While Rhode Island, Florida, Illinois and Georgia ranked first through fourth among the 50 states, Maryland came in at 5th on the list, a black mark against our state that, generally speaking, has weathered the real estate [...]