1900 Monkton Rd
Monkton, MD 21111

Public Auction to be held at Alex Cooper Auctioneers Gallery located at 908 York Road, Towson MD AND via online bidding Thursday, June 14th at 12:00pm. Online bidding registration opens Saturday, June 9th @ 12pm; Live gallery/In person bidding registration begins Thursday, June 14th @ 12:00pm. Partnership Dissolution Sale: Unique 18 Unit Income Producing Mixed Use Property Located On The NCR Trail **Potential Annual Gross Rent Of $171,156** Located directly on the NCR trail, across from the old train station, this rarely available and unique property sees over 1 million people pass by each year. The building contains 18 units and sits on a 1 +/- acre lot. The property is line divided for 2 zones, RC7 and BL. Current gross scheduled monthly income: $10,988 Current gross annual income: $131,856 Potential gross monthly income: 14,263 (plus AirBnb) Potential annual gross income: $171,156 (plus AirBnb) Features include: New 30 year roof New hot water heater Upgraded electric Freshly painted Water filtration system New pump for well New septic (double capacity) Potential for additional lot parking Common area dumpster for trash and recycling Large outdoor common area with brick oven, vegetable garden and more Main level: Unit 1: Café & yoga studio currently rented for $2,000/month Unit 2: Studio apartment with fireplace currently rented for $750/month Unit 3: Studio apartment/Chiropractic office with loft currently rented for $950/month. Tenant pays utilities. There is a common area with Kitchen and large dining room that is shared by all tenants on this level. Includes ductless AC and heat. Second level: Unit 4: AirBnB Apartment with 2 rooms, kitchen and bathroom. Current market rental of $150/night. Unit 5: Studio apartment currently rented for $625/month. Unit 6: Studio apartment currently rented for $600/month (Previously rented as an art studio) Unit 7: Larger studio apartment with half bathroom currently rented for $625/month. Unit 8: Studio apartment currently rented for $500/month. Radiator heat. Third level: Unit 9: Studio apartment currently rented for $675/month. Features skylights and vaulted ceilings. Unit 10: Studio apartment currently rented for $675/month. Unit 11: Studio apartment currently rented for $475/month. Features skylights and vaulted ceilings. Unit 12: Studio apartment currently vacant and previously rented for $475/month. Features skylights and vaulted ceilings. Unit 13: Former yoga studio, currently vacant. Previously rented for $850/month. Lots of windows. Unit 14: Art studio currently rented for $500/month. Unit 15: 1 room currently rented for $450/month. Baseboard heat. Attic: Unit 16: 1,350 +/- SF, electric baseboard heat and air conditioning, sanded floors currently vacant but previously rented for $1,350/month. Lower level: Unit 17: Commercial tubing/bike rental currently rented for $2,163/month **LONG TERM TENANT** Unit 18: Storage unit currently owner occupied. Previously rented for $600/month. Radiator heat. Diligence Package: Leases and lead certs (if available) and a copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneers website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. (link below) Auction Notes: Auction to be held at Alex Cooper Auctioneers Gallery located at 908 York Road, Towson MD AND via online bidding Thursday, June 14th at 12:00pm. Online bidding registration opens Saturday, June 9th @ 12pm; Live gallery/In person bidding registration begins Thursday, June 14th @ 12:00pm 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. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.