5848 Belair Rd
Baltimore, MD 21206
Fully Leased 3 Unit Mixed-Use Building · Retail Property For Sale

** Guided Tour/Open House to take place on: Friday, December 6th, promptly @ 12pm ** Exceptional opportunity to purchase a fully leased, 3-unit mixed-use building, with a detached one-car garage, conveniently located in the "Belmar" community of Baltimore City. According to Baltimore City Tax Records, the property is zoned C-1 (Commercial). The unit mix consists of: • 1 - Terrace Level Commercial Unit • 1 - One-bedroom Residential Apartment Unit • 1 - Two-bedroom Residential Apartment Unit Rent Roll: • Unit A (1st floor-Residential): Currently rents for $700/month. Tenant move-in date of 01/01/2011. • Unit B (Terrace-Commercial): Currently rents for $650/month. Tenant move-in date of 11/01/2015. • Unit C (2nd floor-Residential): Currently rents for $900/month. Tenant move-in date of 03/01/2019. Gross Scheduled Monthly Rent = $2,250/month Gross Scheduled Annual Rent = $27,000 Typical finishes for the units include: carpet, wood, ceramic tile and vinyl tile floors; drywall walls; drywall and textured plaster ceilings; recessed and track lighting; ceiling fans. Heat for Units A and C is provided by a gas fired hot water radiator system. Unit B is heated by a combination of an electric baseboard and wall-mounted mini-split system. Cooling for Units A and C is provided by a combination of window a/c units and ceiling fans. Cooling for Unit B is provided by a wall-mounted mini-split system. Each unit is separately metered for electricity, which is paid by the respective tenants. The building's gas bill is paid by the tenant of Unit A. Landlord pays for cold water and sewer. Diligence Package: Rent Roll, select expenses, 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 auctioneer's 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 begins Saturday, December 7th @ 3:00pm and ends on Thursday, December 12th @ 3:00pm. 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 only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running Android.