Go Back ThursdayMarch 23, 2017 — 10:30am
Public Auction Sale
Two Fully Leased Duplex Buildings Featuring 4 Newly Renovated Units Situated on 0.89 +/- acres in "Gardenville" **$51,072 Scheduled Annual Rent**
5208 & 5214 Belair Road, Baltimore, MD 21206
Location: On the Premises
Please Note: Photos were taken on 11/8/16 as the finishing touches were put on the renovations. The tenants had not moved in yet.
The properties are only being offered as an assemblage.
5208 Belair Road: 2 unit colonial style home on 0.35 +/- acre lot. Property has been totally renovated and features a finished lower level, central HVAC, washer & dryer in each unit, eat-in kitchens and much more!
5214 Belair Road: 2 Unit Colonial Style home on a .54 +/ acre lot. Property has been totally renovated and features central HVAC, eat-in kitchens and much more!
- 0.89 +/- acres
- Two tax accounts (27025827004 & 27025827005)
- Rear parking
- 4 total units (each building contains 2 units)
- Each unit separately metered for electric
- Each unit has washer/dryer
- Each unit has Central HVAC & electric hot water heater
Scheduled Rental Income:
- 5208 Apartment 1: $988/month (3 year lease expiring 11/30/19)
- 5208 Apartment 2: $1192/month (3 year lease expiring 12/31/19)
- 5214 Apartment A: $1126/month (1 year lease expiring 2/29/18)
- 5214 Apartment B: $950/month (1 year lease expiring 1/31/18)
Monthly Schedule Rental Income: $4,256
Annual Scheduled Rental Income: $51,072
2016 Real Estate Taxes: $6,020
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 $10,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due within 1 business days in the auctioneer's office. 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. Settlement is 60 days from the sale date. 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.