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 01:00PM. Fully Leased 9 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City with 1 Car Garage. Approximately 8,550+/- sq. ft. of above grade living space and 3,150+/- sq. ft. below grade. Current gross monthly scheduled rent of $13,616. Current gross annual scheduled rent of $163,392. Unit CH - 1 Bedroom/1 Bath Rented for $1,699 + $30 Utility Reimbursement (comes with parking). Unit TF - 1 Bedroom/1 Bath Rented for $1,499 + $30 Utility Reimbursement & $35 Pet Rent. Unit TR - 1 Bedroom/1 Bath Rented for $1,349 + $30 Utility Reimbursement & $35 Pet Rent - Notice given to vacate 4/18/25 -New Tenant @ $1,449 starting 5/16/25. Unit 1F - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement. Unit 1R- 1 Bedroom/1 Bath Rented for $1,499 + $30 Utility Reimbursement. Unit 2F - 1 Bedroom/1 Bath Rented for $1,399 + $30 Utility Reimbursement. Unit 2R - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement. Unit 3F - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement & $35 Pet Rent. Unit 3R - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement. Utilities: The units are individually metered for gas and electric. Key Items:- Roof replaced in 2017, under warranty until 2027- All units have central heat pump HVAC systems. 8 of 9 HVAC systems replaced by current ownership and under warranty, the 9th system was installed in 2012 by prior owners. - Individual water heaters replaced as needed. - All units have W/D - 1 surface parking spot as part of unit CH. 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!

Listing courtesy of Alex Cooper Auctioneers, Inc.



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