301-327 E. North Ave. and 315 McAllister St., Baltimore, MD 21202
Substitute Trustees’ Sale: 67 +/- Unit Apartment Building With A Monthly Gross Income Believed To Be $36,250* in the "Greenmount West" Neighborhood of Baltimore City
ALL OF THAT real property being situate in Baltimore City, Maryland, and the improvements thereon, in fee simple, being more particularly described in the Deed of Trust, and generally known 301-327 E. North Avenue, Baltimore, Maryland 21202 and 315 McAllister Street, Baltimore, Maryland 21202 (collectively, the “Property”).
The Property is believed to contain 67 residential units consisting of 12 two-bedroom units and 55 one-bedroom units. The Property is believed to be comprised of two, non-contiguous parcels that total approximately 0.96 acres, or 41,513 square feet. The larger parcel (301 E. North Avenue) is believed to include approximately 34,282 square feet and is improved with a four-story apartment building with a total of 67 apartment units. The small parcel (315 McAllister Avenue) is believed to include approximately 7,231 square feet and is currently unimproved and used as open parking. It is believed that 42 of the 67 residential units are rented as of August 15, 2018. *The Property is believed to generate approximately $36,250.00 in monthly gross rental income as of August 15, 2018. It is believed the Noteholder has made advances for improvements to the Property in the amount of approximately $1,008,591.00 since the date of the Deed of Trust. It is believed that improvements made since the date of the Deed of Trust include improvements to the apartment units, roof, hallways, façade, windows and HVAC system.
