3008 N Calvert Street, Baltimore, MD 21218

Property Description

List price is opening bid only. TIMED ONLINE AUCTION: Bidding Begins Saturday, March 21 @ 1:00 pm and ends on Thursday, March 26th @ 2:30 pm. NO PRIVATE APPOINTMENTS - Turn Key Rental Opportunity! Exceptional opportunity to purchase a fully leased, and well-maintained 4-unit apartment building, conveniently located in the "Charles Village" community of Baltimore City. The unit mix consists of 4-One-Bedroom and One-Full Bathroom units. Rent Roll: Unit B: Currently rents for $600/month. Tenant move-in date of 10/12/2009. Unit 1 : Currently rents for $900/month. Tenant move-in date of 08/30/2017. Unit 2 : Currently rents for $1,100/month. Tenant move-in date of 08/01/2010. Unit 3 : Currently rents for $1,050/month. Tenant move-in date of 01/01/2015. Note: Tenant in unit B has a reduced rent in exchange for helping to manage the property. Gross Scheduled Monthly Rent = $3,650/month and Gross Scheduled Annual Rent = $43,800. Typical layouts for the units include a living room, eat-in kitchen, full bathroom and one bedroom. Finishes for the units include wood, carpet, vinyl and ceramic tile floors along with replacement windows. The roof was recently replaced in February of 2020 and includes a 5 year warranty. The heat for the building is provided by a central gas fired hot water radiator system. Hot water is provided by a gas fired water heater. The property includes a utility room which contains 5 electric meters (1 for each unit plus public service), 4 gas meters (1 for each unit), plus the boiler and water heater. The Landlord pays for water/sewer, common area electric, hot water and heat, while the tenants pay for their own electric and cooking fuel. The rear of the property has two parking spots.