Excellent opportunity at auction to purchase a fully leased and newly renovated 3 unit apartment building with garage in Charles Village. The apartment units are serviced by brand new duct-work and furnaces (Please note previous advertisements incorrectly stated that the building was serviced by central A/C). All windows are vinyl replacement windows. The building features wonderful original details throughout that add significant character to each unit.
The main level apartment has 3 bedrooms and the upper two level apartments are each 2 bedrooms. All units have had their floors refinished and walls freshly painted. The tenants are responsible for reimbursing the landlord the costs of utilities. However, the top floor unit has a cap of $100/month. The other units have no cap on the amount. This is specifically stated in each of their leases. All apartment units have new lead certs for the current tenants.
The monthly rent breakdown is as follows:
Unit 1 = $1,000
Unit 2 = $1,000
Unit 3 = $ 925
Garage = $ 275
Total Monthly Rent = $3,200
The building is available for showings and a copy of the leases & lead certs are available upon request.
Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $20,000 is due at the time and place of sale. Settlement is 45 days from the sale date. If payment of the balance of the purchase price is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All income and expenses, including real estate taxes, and all utilities which are not the obligation of tenants to pay, if any, and all 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 fees and transfer taxes are to be paid by the purchaser. The property will be sold in "AS IS" condition without express or implied warranty as to the nature, condition or description of the property or the improvements, or their suitability for any particular purpose. The property will be sold subject to easements, agreements, restrictions, encroachments and 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.
Click Here For The Full Sale Terms In PDF Format
Note: 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. Propsective purchasers are urged to make their own inspection.
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