Courtesy of: Larry Cooper, Alex Cooper Auctioneers, Inc., larry@alexcooper.com
Courtesy of: Larry Cooper, Alex Cooper Auctioneers, Inc., larry@alexcooper.com
$500,000
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Lot: 0.11 Acres
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Other
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$500,000
803-807 WASHINGTON BOULEVARD Online auction to be conducted on Auctioneers website! List Price is Opening Bid Only! Bidding begins Friday, March 22nd & ends Wednesday, March 27, 2024 at 12:00pm.A great opportunity to purchase Mixed-use buildings, configured w/2 Residential units & 2 Commercial Units. The buildings are located in the "Washington Village/Pigtown" neighborhood of Baltimore City. The addresses are 803-807 Washington Blvd. The property is Limited Lead Free. Building Class is C-Commercial with storefront retail & residential. The buildings total approximately 7, 316+/- SF of above grade, according to SDAT. Each residential unit has 2 bedrooms and 2 baths and are on 2 levels. They have been updated with wood floors, modern kitchens and baths, gas heat and central AC. Gross Scheduled Monthly Income of $6, 670. Gross Potential Monthly Income of $10, 170. Unit 803 - commercial/storefront retail unit. Currently vacant. Per the seller, the unit has a potential rent of $3, 500/monthly. Unit 805A - residential unit. Currently rented for $1, 500/monthly. Unit 805B - residential unit. Currently rented for $1, 670/monthly. Unit 807 - commercial/storefront retail unit. Currently rented for $3, 500/monthly. (Rent will increase to $3, 600, starting March 1, 2024) Location: The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The property is located in close proximity to Oriole Park at Camden Yards & M&T Bank Stadium, Downtown Baltimore, Inner Harbor, University of Maryland at Baltimore, Hollins Market, Lexington Market and much more. Zoning: C-1. "Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses, " from Baltimore City Planning. Note: the rental license needs to be updated.
Courtesy of: Larry Cooper, Alex Cooper Auctioneers, Inc., larry@alexcooper.com
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