MLS® ID: MDBA502812
15 E EAGER STREET
BALTIMORE, Maryland, 21202
$500,000
Active
List price is opening bid only. TIMED ONLINE AUCTION: Bidding Begins Saturday, March 21 @ 1:00 pm and ends on Thursday, March 26th @ 1:00 pm. NO PRIVATE APPOINTMENTS - TWO GUIDED TOURS: Wednesday, March 11th Promptly @ 12pm and Thursday, March 19th Promptly @ 12pm. Exceptional opportunity to purchase a completely renovated and very well-maintained 8-unit apartment building. Conveniently located in the heart of the "Mt. Vernon" community of Baltimore City. The building is MDE Certified Limited Lead-Free. The property's Gross Potential Annual Rent is $97,800 including parking income. There is an additional income of approximately $1,200 per year in cash (quarters) generated by the on-site laundry facilities. 0.05 +/- acre parcel is zoned OR-2 (Office Residential). According to Baltimore City tax records the site dimensions are 19' X 114' +/-. The property is improved by a 3-story plus basement masonry building which contains 4,455 +/- sq. ft. of above-grade building area and 2 parking spaces in the rear. The building contains 8 studio apartment units and was completely renovated in 2015. The renovations included: ~ new roof ~ new windows ~ sprinkler system installed ~ new electric service ~ new water main ~ new plumbing ~ new heating/cooling systems ~ new water heaters ~ new appliances ~ new kitchens and bathrooms ~ new fire escape ~ new concrete parking pad ~ extensive common area improvements. Typical finishes for the units include stainless steel appliances, dishwashers, gas ranges and granite counters in the kitchens. The units also have wood, laminate and ceramic tile floors along with drywall and exposed brick walls. Heating and cooling is provided by individual split-mini systems. Each unit has 60 amp electric service and is separately metered for gas and electric. Landlord is reimbursed by the tenants for water and sewer expenses.
Read More