Six Unit Apartment Assemblage Consisting of Two Fully Leased Adjacent Three Unit Apartment Buildings in the "Seton Hill" Neighborhood of Baltimore City. **Current Gross Scheduled Annual Rent Of $64,800**
500 Druid Hill Ave., AND 646 Jasper St. Baltimore, MD 21201
THERE WILL BE GUIDED TOURS ON THURSDAY JUNE 17th AND MONDAY JUNE 21st PROMPTLY at 1:15PM.
Exceptional opportunity to purchase a total of 6 apartment units located in the Seton Hill Neighborhood of Baltimore City.
Building Layout:
Each building consists of three, 2 Bedroom and 1 full bath units. The units in 646 Jasper St are estimated to be 800 +/- sq. ft. and 500 Druid Hill Ave. units are estimated to be 1,100 +/- sq. ft.
Utilities:
646 Jasper St. units each have their own electric meters, gas meters and hot water heater. Heat is electric and AC is provided by window units.
500 Druid Hill Ave. has 3 electric meters and 1 gas meter. Landlord pays gas for cooking ranges and gas fireplaces. On 2nd floor tenant pays $100/month utility charge as a flat fee.
Landlord pays for "cold" water and sewer.
Current Gross Monthly Rent: $5,400
Current Gross Scheduled Annual Rent: $64,800
500 Druid Hill Avenue, Unit 1 is currently rented for $1,000/month.
500 Druid Hill Avenue, Unit 2 is currently rented for $950/month. (Lease expires July, 2021)
500 Druid Hill Avenue, Unit 3 is currently rented for $1,000/month. (Lease expires July 2021)
646 Jasper Street, Unit 1 is a 1BR 1 BA is currently rented for $850/month. (Lease expires February, 2022)
646 Jasper Street, Unit 2 is a 1BR 1BA currently rented for $800month. (Lease expires May, 2021)
646 Jasper Street, Unit 3 is a 2BR 1BA currently rented for $800/month. (Lease expires May, 2022)
Please Note: This property assemblage adjacent to 502 Druid Hill Avenue which is being offered for auction on the same day. See link for more details.
Diligence Package: A copy of the purchase and sale agreement with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement
Auction Notes: Online registration & bidding begins Thursday, June 17th and ends Tuesday, June 22nd at 1:00PM.
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.
Exceptional opportunity to purchase a total of 6 apartment units located in the Seton Hill Neighborhood of Baltimore City.
Building Layout:
Each building consists of three, 2 Bedroom and 1 full bath units. The units in 646 Jasper St are estimated to be 800 +/- sq. ft. and 500 Druid Hill Ave. units are estimated to be 1,100 +/- sq. ft.
Utilities:
646 Jasper St. units each have their own electric meters, gas meters and hot water heater. Heat is electric and AC is provided by window units.
500 Druid Hill Ave. has 3 electric meters and 1 gas meter. Landlord pays gas for cooking ranges and gas fireplaces. On 2nd floor tenant pays $100/month utility charge as a flat fee.
Landlord pays for "cold" water and sewer.
Current Gross Monthly Rent: $5,400
Current Gross Scheduled Annual Rent: $64,800
500 Druid Hill Avenue, Unit 1 is currently rented for $1,000/month.
500 Druid Hill Avenue, Unit 2 is currently rented for $950/month. (Lease expires July, 2021)
500 Druid Hill Avenue, Unit 3 is currently rented for $1,000/month. (Lease expires July 2021)
646 Jasper Street, Unit 1 is a 1BR 1 BA is currently rented for $850/month. (Lease expires February, 2022)
646 Jasper Street, Unit 2 is a 1BR 1BA currently rented for $800month. (Lease expires May, 2021)
646 Jasper Street, Unit 3 is a 2BR 1BA currently rented for $800/month. (Lease expires May, 2022)
Please Note: This property assemblage adjacent to 502 Druid Hill Avenue which is being offered for auction on the same day. See link for more details.
Diligence Package: A copy of the purchase and sale agreement with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement
Auction Notes: Online registration & bidding begins Thursday, June 17th and ends Tuesday, June 22nd at 1:00PM.
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.
Tuesday
June 22, 2021 1pm EDT
Online bidding only
Sold
$430,500
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