3612 Eldorado Ave, Gwynn Oak, MD 21207
18 Unit Apartment Building | $800,000 ($44,444/Unit) | Gwynn Oak, MD 21207
For Sale
Active
Asking Price $800,000
- Property Type
-
Multifamily
- Square Feet
- 17,673 SF
Listing Contacts
- Property Info
Property Overview
GUIDED TOUR THURSDAY, AUGUST 22, 2024 AT 11:30AM
List price to be opening bid at online only auction. Bidding begins Friday, August 23rd & ends Wednesday, August 28th, 2024 @ 1:00 PM.
For more information, photos, documents and to register to bid please visit the auctioneer’s website by using the link below:
https://realestate.alexcooper.com/auction-property/1-9D5LPX/18-unit-multi-family-apartment-building-plus-7-garages-in-the-howard-park-neighborhood-of-baltimore-city-potential-gross-annual-rent-of-301-800-based-on-full-occupancy
A great opportunity to purchase an 18 Unit SF multifamily apartment building on a .31+/- Acre Lot according to Bright MLS. The building is configured with 14 residential 1 bedroom 1 bath units, two 2 bedroom 1 bath units, two 3 bedroom 1 bath units and 7 garage units. The property is zoned R-4 according to Baltimore City zoning website.
Location: Howard Park. Boasts urban- suburban living with a golf course in their back yard, and easy access to downtown and county attractions, major roadways and modes of transportation, commercial and recreational outlets and public and private schools. Tree lined, quiet streets, open green space with long-term home ownership—truly a find! Howard Park, located near the Northwest Baltimore city-county line, is bounded by Powder Mill Stream/Liberty Heights Ave./Rogers Ave/Post Rd./Oakford Ave./Granada Ave./Forest Park Ave./Royal Oak Ave./Purnell Dr./City Line/Powder Mill Stream.
**Current Gross Monthly Rent of $7,623**
**Current Gross Annual Rent of $91,476**
Per the seller:
**Potential Gross Monthly Rent of $25,150**
**Potential Gross Annual Rent of $301,800**
Utilities: All units are separately metered for electric & gas. Landlord pays for water/sewer and hot water.
Currently 7 of the units are occupied, 11 vacant and 1 of the garages are rented.
Diligence Package: Copy of the purchase and sale agreement, rent roll 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 Auction Only! Bidding begins Friday, August 23rd & ends Wednesday, August 28th, 2024 @ 1:00 PM.
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.
List price to be opening bid at online only auction. Bidding begins Friday, August 23rd & ends Wednesday, August 28th, 2024 @ 1:00 PM.
For more information, photos, documents and to register to bid please visit the auctioneer’s website by using the link below:
https://realestate.alexcooper.com/auction-property/1-9D5LPX/18-unit-multi-family-apartment-building-plus-7-garages-in-the-howard-park-neighborhood-of-baltimore-city-potential-gross-annual-rent-of-301-800-based-on-full-occupancy
A great opportunity to purchase an 18 Unit SF multifamily apartment building on a .31+/- Acre Lot according to Bright MLS. The building is configured with 14 residential 1 bedroom 1 bath units, two 2 bedroom 1 bath units, two 3 bedroom 1 bath units and 7 garage units. The property is zoned R-4 according to Baltimore City zoning website.
Location: Howard Park. Boasts urban- suburban living with a golf course in their back yard, and easy access to downtown and county attractions, major roadways and modes of transportation, commercial and recreational outlets and public and private schools. Tree lined, quiet streets, open green space with long-term home ownership—truly a find! Howard Park, located near the Northwest Baltimore city-county line, is bounded by Powder Mill Stream/Liberty Heights Ave./Rogers Ave/Post Rd./Oakford Ave./Granada Ave./Forest Park Ave./Royal Oak Ave./Purnell Dr./City Line/Powder Mill Stream.
**Current Gross Monthly Rent of $7,623**
**Current Gross Annual Rent of $91,476**
Per the seller:
**Potential Gross Monthly Rent of $25,150**
**Potential Gross Annual Rent of $301,800**
Utilities: All units are separately metered for electric & gas. Landlord pays for water/sewer and hot water.
Currently 7 of the units are occupied, 11 vacant and 1 of the garages are rented.
Diligence Package: Copy of the purchase and sale agreement, rent roll 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 Auction Only! Bidding begins Friday, August 23rd & ends Wednesday, August 28th, 2024 @ 1:00 PM.
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.
Property Details
- Class
- C
- Year Built
- 1935
- Stories
- 3
- Lot Size (sq. ft)
- 13,504 SF
- Units
- 18
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].