OPEN HOUSE: THURSDAY FEBRUARY 15TH PROMPTLY AT 2:00PM. THIS IS A GUIDED TOUR SO PLEASE ARRIVE BY 2:00.
GALLERY SALE! This is part of a larger sale which includes numerous Multi, Single Family & Commercial Investment Properties Throughout Baltimore City
Opening Bid $150,000 8 Unit Mixed Use Building With A Restaurant On The Main Level and 7 Residential Units in the “Charles North” Neighborhood of Baltimore City **ANNUAL GROSS RENTAL INCOME OF $94,284**
Improved by a 8 unit mixed use building with a restaurant on the main level and 7 residential apartments. All apartments (except Unit 2) contain 1 bedroom/1 bath and are section 8 tenant occupied.
All units are separately metered. There is a coin operated laundry area located on the second floor. New roof installed within the least 5 years. Nautural gas forced hot air. The retail unit has central AC.
Commercial Unit: Located on the main level currently rented to a restaurant for $1,500/month
Residential Unit 1: 1 BR/1 BA apartment currently rented for $790/month. (Section 8)
Residential Unit 2: 2 BR/1 BA apartment currently rented for $1015/month. (Section 8)
Residential Unit 3: 1 BR/1 BA apartment currently rented for $929/month. (Section 8)
Residential Unit 4: 1 BR/1 BA apartment currently rented for $923/month. (Section 8)
Residential Unit 5: 1 BR/1 BA apartment currently rented for $900/month. (Section 8)
Residential Unit 6: 1 BR/1 BA apartment currently rented for $900/month. (Section 8)
Residential Unit 7: 1 BR/1 BA apartment currently rented for $900/month. (Section 8)
Current gross monthly income: $7,857
Current gross annual income: $94,284
