Remarks

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 3rd and ends Tuesday, April 8, 2025 at 1:00PM. Fully Leased 7 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City with 2 Car Garage. Approximately 5,904+/- sq. ft. of above grade living space and 1,968+/- sq. ft. below grade living space. Current gross monthly scheduled rent of $7,564. Current gross annual scheduled rent of $90,768.
Potential gross monthly scheduled rent of $9,152. Potential gross annual scheduled rent of $109,824.
Unit B - 0 Bedroom/1 Bath Rented for $999 + $30 Utility Reimbursement. Unit 1F - 0 Bedroom/1 Bath Rented for $1,149 + $30 Utility Reimbursement & $169 Parking. Unit 1R - 2 Bedroom/1 Bath Rented for $1,549 + $60 Utility Reimbursement. Unit 2F - 0 Bedroom/1 Bath Vacant - New Lease Starts 5/1/25 for $1,149 + $30 Utility Reimbursement & $35 Pet Rent. Unit 2R - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement. Unit 3F - 0 Bedroom/1 Bath Rented for $1,149 + $30 Utility Reimbursement
Unit 3R - 1 Bedroom/1 Bath Rented for $1,299 + $30 Utility Reimbursement. Utilities: The units are individually metered for gas and electric. Key Items: - Unit 1R has a central heat pump HVAC system, Unit 2R has a conventional minisplit system, both are under warranty. - Gas fired central water heater replaced in 2018 - Roof replaced by prior ownership - 2 units has W/D and there is laundry in the basement for other units. Expenses: Property taxes: July1, 2025-June 30, 2026: $12,805. Special Benefit District Surcharge July 1, 2025-June 30, 2026 $716. Water Per Historical Figures: $2,532. Electric/Gas Per Historical Figures: $984. Licenses: Est. $50/Unit, total of approximately $350. Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!

Details

MLS#: MDBA2160168
Price: $500,000

Year Built: 1870

County: BALTIMORE CITY
Tax Fee: 11079.0