$1,500,000 |
Coms |
| Active | |
| Built in 1969 | |
| MLS # MDBA2116046 |
List price to be opening bid at online only auction. Online Auction Only! Bidding begins Wednesday, April 17th & ends Monday, April 22nd, 2024 at 12:00 pm. At the conclusion of the auction the sellers will have a 2 hour review period to accept or reject the winning the bid. Alex Cooper will notify the winning bidder as to the sellers decision. Improved by a 38,856+/- SF multifamily apartment building on a 0.88+/- Acre Lot. The building is configured as 34 residential apartment units. Currently 32 of the units are vacant with last 2 currently scheduled for move out through cash for keys and/or eviction. It is expected to be fully vacant by closing. There are 8 one bedroom units, 25 two bedroom units and 1 three bedroom units. 16 of the units have recently been renovated, many of them having full gut out renovations. The property is zoned R5 (Rowhouse and Multi-Family Residential Zoning District). Each unit contains it's own HVAC system. Some renovations to many of the units include full gutout including appliances, bathrooms, flooring, paint, cabinets and more! **Potential Gross Monthly Rent of $40,305** **Potential Gross Annual Rent of $483,660**
List price to be opening bid at online only auction. Online Auction Only! Bidding begins Wednesday, April 17th & ends Monday, April 22nd, 2024 at 12:00 pm. At the conclusion of the auction the sellers will have a 2 hour review period to accept or reject the winning the bid. Alex Cooper will notify the winning bidder as to the sellers decision. Improved by a 38,856+/- SF multifamily apartment building on a 0.88+/- Acre Lot. The building is configured as 34 residential apartment units. Currently 32 of the units are vacant with last 2 currently scheduled for move out through cash for keys and/or eviction. It is expected to be fully vacant by closing. There are 8 one bedroom units, 25 two bedroom units and 1 three bedroom units. 16 of the units have recently been renovated, many of them having full gut out renovations. The property is zoned R5 (Rowhouse and Multi-Family Residential Zoning District). Each unit contains it's own HVAC system. Some renovations to many of the units include full gutout including appliances, bathrooms, flooring, paint, cabinets and more! **Potential Gross Monthly Rent of $40,305** **Potential Gross Annual Rent of $483,660**
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