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List price to be opening bid. Online only auction. Registration & bidding begins Friday,October 29th at 1:00 PM and ends Wednesday November 3,2021 at 1:00PM. Location: The Irvington neighborhood was established in 1874 and contains a mix of detached and townhouse properties. There are also a number of multi-family properties. The Loudon Park Cemetery comprises a major portion of Irvington. There is easy access to the Baltimore Beltway,I-95 and downtown Baltimore. Property Description: The property has a 100' frontage on S. Augusta Ave and a frontage along Frederick Ave of 140'. The total land area is 14,000 sq. ft. or 0.32 acre. It is improved by a cottage style detached building containing 2 two-bedroom units,3 one-bedroom units and a studio apartment. The tenants pay their own gas,electric,heat and hot water. Interior of the units and hallways are lead free. Unit Rent & Description: Current Scheduled Gross Monthly Rent Of $4,440. Current Scheduled Gross Annual Rent Of $53,280. Unit 1: 1 Bedroom/1 Bath apartment currently rented for $850/monthly. Unit 2B: 2 Bedroom/1 Bath apartment currently rented for $875/monthly. Unit 3: 1 Bedroom/1 Bath apartment currently rented for $615/monthly. Unit 4A: 1 Bedroom/1 Bath apartment currently rented for $700/monthly. Unit 5A: Studio/1 Bath apartment currently rented for $650/monthly. Unit 6: 2 Bedroom/1 Bath apartment currently rented for $750/monthly. Each unit is separately metered and has a furnace. All the hot water heaters are in the lower level. The tenants pay their own gas,electric,heat and hot water The owner pays cold water,insurance,taxes,and utilities for the common area. Seller Comments: 4 of 6 of the tenants are current on rent payments. The tenant in Unit 5 is several months behind on rent payments. Unit 6 is 2 months behind on rent payments and has applied for rental assistance.
Listed by Paul R Cooper, Alex Cooper Auctioneers,Inc.

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