List price to be opening bid at online only auction. Online Registration and Bidding Opens on Thursday, April 21st and ends on Tuesday, April 26, 2022 at 12:30pm. Multifamily Building with 7 Apartment Units, Located in the "Windsor Hills" Neighborhood of Baltimore City. The property has a current Baltimore City rental license for 7 units. There are currently 5 units that are tenant occupied. The Units 5 & 7 are both rent ready. All the units are separately metered. The property is zoned R-1-D; on 0.5650 +/- acres. Rental Income:
Current Gross Scheduled Monthly Rent: $4,250; Current Gross Scheduled Annual Rent: $51,000
Per the Seller: Potential Gross Monthly Rent: $5,950 (includes Units 5 & 7 with each having an $850 potential rent) Potential Gross Annual Rent: $71,400. Per the seller: All tenants are current on their rent. Select Expenses: Annual Property Taxes are $5,119 +/- Annual Insurance $2,828 +/- Monthly Common Area BGE is normally $100-$150/monthly, Monthly Water/Sewer bill is normally $450 +/-. Water and sewer service is provided by public utility and is paid for by the owner. There is no private trash expense; Baltimore City collects the trash. The tenants pay their BGE. The building has a Gas Hot Water Boiler that heats the entire building. The central system is controlled by the owner. Unit Description: UNIT 1 - Includes 2 bedrooms, 1 bath, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout and vinyl flooring in the kitchen and bathroom. Currently Rented for $1,200/monthly. UNIT 2 - Includes 1 bedroom, 1 bath, den, bonus sun-room, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout the entire unit. Currently Rented for $850/monthly. UNIT 3 - Includes 2 bedrooms, 1 bath, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout, ceramic flooring in the bathroom and Allure vinyl flooring in the kitchen. Currently Rented for $850/monthly. UNIT 4 - Includes 1 bedroom, 1 bath, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout the entire unit. Currently Rented for $800/monthly. UNIT 5 - Includes 2 bedrooms, 1 bath, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout, ceramic flooring in the bathroom and Allure vinyl flooring in the kitchen. The unit is currently vacant and is rent ready. It was previously rented for for $850/monthly. UNIT 6 - Includes 1 bedroom, 1 bath, living room, dining room, kitchen. Features includes refinished hardwood flooring throughout, and vinyl flooring in the kitchen. Currently Rented for $505/monthly. UNIT 7 - Includes 1 bedroom, 1 bath, living room, dining room, kitchen, bonus sun-room. Features include refinished hardwoods throughout, renovated new kitchen cabinets added 3/2022; fully renovated bathroom with new tub, vanity, toilet and allure vinyl flooring added 3/2022; The unit was just painted on 4/1/22. The unit is currently vacant and is rent ready and the potential rent is $850-$885.
