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$750,000
Est. payment /mo
882 SqFt
UPDATED:
10/10/2024 01:09 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 882 sqft
Price per Sqft $850
Subdivision Greektown
MLS Listing ID MDBA2138528
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $1,837
Tax Year 2024
Lot Size 882 Sqft
Acres 0.02
Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewer’s Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Other
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0326016629C010A
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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Listed by Charles N Billig • A.J. Billig & Company