Go Back ThursdayJuly 21, 2016 — 11:00am
15 Unit Apartment Building with Ground Level Retail known as "Peabody Apartments" Located in Charles Village near the Johns Hopkins Homewood Campus **Gross Potential Annual Rent of $259,392+/-**
201-205 E. 30th St., Baltimore, MD 21218
Rarely available fifteen unit apartment building with ground floor retail located in Charles Village known as the "Peabody Apartments". The building has a beautiful historic facade and common areas with modernized and updated interior units. Originally built as an apartment building, the interior has an excellent layout and wider than average hallways than typically found in Charles Village. The property has been well maintained and updated by the current owner who has managed it for over 20 years.
It is of important note that this apartment building is on an approved list of Johns Hopkins off campus housing. It is also located within the Hopkins Security patrol area and is a part of the Charles Village benefit district.
Each unit has it's own gas fired forced air heating system and a gas cooking range. All units are separately metered for gas and electric. Landlord pays for hot water which is supplied by a central gas fired hot water heater in the lower level.
- Updated electrical throughout the building
- Each unit individually metered for gas and electric
- Replacement double-pane vinyl wrapped windows
- Large owner operated coin laundry facility
- On-Site leasing office with powder room
- All units have gas fired forced hot air heating units
The building includes:
- 8 - Three bedroom units
- 2 - Three bedroom + den units
- 1 - Two bedroom unit
- 4 - One bedroom units
- 1 - Retail unit that is approximately 2,500 +/- sq. ft.
Ground Rent: Fee Simple
5% Buyers Premium Added To The Hammer Price
Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $50,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office. Settlement is 60 days from the sale date. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction. Alex Cooper Auctioneers is not acting as agent for the successful bidder. Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.
** NOTICE TO BUYER: IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE, APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.