1503 Eutaw Pl
Baltimore, MD 21217
Multifamily Property For Sale · 8 Units

Online Only Auction! Bidding Begins Thursday, July 26th @ 12:15pm and ends on Tuesday, July 31st @ 12:15pm. Turn-Key Rental Opportunity! Updated & Well-Maintained 8 Unit Apartment Building Located in the "Bolton Hill" Area of Baltimore City ** Gross Scheduled Annual Rent of $57,300 ** ** Guided Tour/Open House to take place on: Wednesday, July 25th, promptly @ 2:00pm ** Exceptional opportunity to purchase an updated and well-maintained 8-unit apartment building, conveniently located in desirable "Bolton Hill." The property is also improved by a rear patio and a rear parking pad. Location Description: Bolton Hill is an historic district listed on the National Register of Historic Places. It is an urban neighborhood of tranquil, tree-lined streets lined with an outstanding collection of restored mid to late 19th century townhouses, urban mansions, churches, and public buildings. Bolton Hill is peppered with quaint urban parks, historic fountains, and grand monuments that complement the period architecture. It is within easy walking distance of all the major transportation hubs in the city including Baltimore Metro Subway at State Center, Baltimore Light Rail and Penn Station for train service to DC and along the Eastern Seaboard. The unit mix consists of: • 6 - One-Bedroom units • 2 - Studio units One 1-bedroom apartment unit is currently vacant. The previous tenant was paying a rent of $650/month. Gross Scheduled Monthly Rent = $4,775/month Gross Scheduled Annual Rent = $57,300 Gross Potential Monthly Rent = $5,425/month Gross Potential Annual Rent = $65,100 In addition to two apartment units, the full basement of the building includes an unfinished utility/storage area which includes 7 gas meters, 8 electric meters, 1 gas fired forced hot air heating system for Unit B1 and one gas hot water heater, also for Unit B1. Typical finishes for the units include carpet and vinyl tile floors; plaster walls; plaster and drywall ceilings; recessed lighting and replacement windows. The units are self-contained. Each unit contains it's own gas fired forced hot air system and hot water heater. Each unit is separately metered for gas and electric. Landlord pays for cold water, common area electric plus gas and electric for unit B1. Diligence Package: Rent Roll, leases, lead certificates, MFD License, and a copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneers website (link below). In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Timed Online Auction will begin Thursday, July 26th @ 12:15pm and end Tuesday, July 31st @ 12:15pm. 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. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.