4023 Eastern Ave
Baltimore, MD 21224
Substantially Rented Mixed Use Bldg Zoned C-2 · Retail Property For Sale

Auction to be held on the premises and online simulcast Tuesday, February 18th @ 1:00pm. Improved by a 4,144 +/- SF mixed use building in Highlandtown. Property is zoned C-2 according to Baltimore City Zoning Map. Current Gross Monthly Rent Of $3,778. The main level is commercial and currently rented for $2,163/month, increases to $2,227.89 in March 2020). The second and third levels are used as a rooming house believed to contain 7 rooms. Currently 3 of the rooms on the third level are rented for $450, $570 and $595 on a monthly basis. The lower level is full and unfinished. Features include: Kitchen and 2 half bathrooms on the main level Wood type floors Washer/dryer Parking in the rear of the property First floor has it's own electric meter Approximate Expenses: Water bill averages $200/month Gas bill averages $100/month Electric bill averages $250/month First floor tenant pays 1/3 water and gas and all of the electric. Diligence Package: A copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link beow. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Auction to be held on the premises and online simulcast Tuesday, February 18th @ 1:00pm. 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 WILL ONLY work using desktop/laptop browser or the Alex Cooper Real Estate iOS (Apple) app.