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900 Cator Ave
Baltimore, MD 21218
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 5,400 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1940 |
| Zoning | R-5, Baltimore | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | R-5, Baltimore |
ABOUT 900 CATOR AVE , BALTIMORE, MD 21218
Timed-Online Auction: Bidding Begins Sunday, September 30th @ 3:00pm and ends on Friday, October 5th @ 3:00pm. Substantially Leased 6 Unit Apartment Building Located in the "Pen Lucy" Area of Baltimore City. MDE Certified Limited Lead-Free ** Gross Scheduled Annual Rent of $47,400 ** ** Guided Tour/Open House to take place on: Thursday, September 27th, promptly @ 12:00pm ** Exceptional opportunity to purchase a substantially leased and well-maintained 6-unit apartment building, conveniently located in the "Pen Lucy" neighborhood of Baltimore City. The building is MDE Certified Limited Lead-Free. Exceptional opportunity to purchase a substantially leased and well-maintained 6-unit apartment building, conveniently located in the "Pen Lucy" neighborhood of Baltimore City. The building is MDE Certified Limited Lead-Free. The unit mix consists of: • 1 - One-bedroom unit • 3 - Two-bedroom units • 2 - Two-bedroom + Den units Unit 1 (one-bedroom apartment located in the basement) is currently vacant. The previous tenant was paying a rent of $800/month. Gross Scheduled Monthly Rent = $3,950/month Gross Scheduled Annual Rent = $47,400 Gross Potential Monthly Rent = $4,750/month Gross Potential Annual Rent = $57,000 In addition to two apartment units, the full basement of the building includes a laundry area (located in the common hallway) with a washer and dryer. The basement also includes an unfinished utility/storage room which includes 6 gas meters, 6 electric meters, and 6 gas fired hot water heaters. Typical finishes for the units include carpet, ceramic tile and vinyl tile floors; drywall walls; textured plaster ceilings. The units are self-contained and separately metered for gas and electric. Each unit includes it's own gas fired forced air heating system and central air conditioning system. Tenants pay their own gas and electric bills. Landlord pays for cold water. 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 Sunday, September 30th @ 3:00pm and ends on Friday, October 5th @ 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 iOS or Android.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 3972B-005 | Improvements Assessment | $289,700 |
| Land Assessment | $102,100 | Total Assessment | $391,800 |
PROPERTY TAXES
