1520 Madison Ave, Baltimore, MD 21217

GUIDED TOUR FRIDAY, SEPTEMBER 6TH STARTING AT 10AM
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, September 5th and ends Tuesday, September 10, 2024 at 1:00pm.
A 4-Level Building Configured with 6 Residential Units that has been going though a full renovation in the "Madison Park" Neighborhood of Baltimore City. Each of the levels have 2 units. There is a main level, upper level 1 and upper level 2. The lower level is unfinished and accessible from the front lower window. Each unit is separately metered.
This is a great opportunity to purchase a mostly renovated building. According to the seller's, there is still some work that needs to be completed. All 6 units have been gutted and renovated including all new walls, doors, flooring, kitchen and appliances, bathrooms & fixtures, recessed lighting and more. They also added a sprinkler system. There are new furnaces, hot water heaters, and stacked washer/dryer units; the furnaces need to be installed. The condensers for the A/C system need to be purchased and installed; and smoke detectors need to be added to the building. Note: the above description is offered for informational purposes only. Potential buyers should do their own due diligence by visiting the property to determine the scope of work that still needs to be done to complete the renovation. The new buyer would be responsible to get the occupancy permit, required rental license and lead cert.
Zoned R-7: "(a) Neighborhoods. The R-7 Mixed Residential Zoning District is intended for those areas that offer a diverse range of housing types. Development in this district accommodates a transition between naturalistic and urban residential settings. (b) Housing types. The R-7 District is meant to accommodate a diverse range of housing types, including detached and semi-detached dwellings, rowhouse developments, and multi-family developments of a larger scale than found in the more restrictive residential districts." Zoning information is copied from the Article 32 Zoning manual.
Location: The Madison Park neighborhood is located just south of Bolton Hill and just north of the Upton neighborhood. Downtown Baltimore is a short ride and offers plenty of dining options, shopping, schools, recreational facilities, museums. and access to transportation routes.
Madison Park Historic District: This property is located in this historic district. "The Madison Park Historic District is significant as a relatively intact neighborhood embodying the distinctive architectural characteristics of eclectic row houses. These buildings feature important architectural elements which typify the growing interest that Baltimore architects and builders had in emerging architectural styles and the manner in which they incorporated new elements into the traditional Baltimore row house." Copied from https://chap.baltimorecity.gov/historic-districts/maps/madisonpark
Diligence Package: A copy of the purchase and sale agreement and assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Only Auction! Bidding begins Thursday, September 5th and ends Tuesday, September 10, 2024 at 1:00pm.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.