3 Unit Apartment Building 944 Harlem Ave

3 Unit Apartment Building $175,000 ($58,333/Unit) Baltimore, MD 21217

Executive Summary

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, November 16th & ends Thursday, November 21st, 2024 at 2:00 PM.
Guided Tour on Wednesday, October 23rd, Promptly at 10:30am
A great opportunity to purchase a fully occupied 3-Unit Multifamily apartment building in the Harlem Park neighborhood of Baltimore City. This brick-front building has 4 levels Unit 1 on the main level, Unit 2 on the upper level 1, Unit 3 on upper level 2. The lower level is unfinished and is accessible from Unit 1. Each unit has forced hot air heat and central A/C.
**Current Gross Monthly Rent of $3,175**
Unit Description (Per the owner):
Unit 1 - $1,250/monthly rent - month-to-month rental agreement.
1 bedroom and 1 full bath.
Unit 2 - $1,000/monthly rent - month-to-month rental agreement.
2 bedrooms and 1 full bath.
Unit 3 - $925/monthly rent - month-to-month rental agreement.
1 bedroom and 1 full bath.
Baltimore City Rental Property License: The license expires April 17, 2025. There are separate gas & electric meters for each unit. Tenants pay BG&E, owner pays water.
Location: The property is located Northwest of Downtown Baltimore, in the Upton neighborhood. There is dining, shopping, schools, recreational facilities, hospital, and access to transportation routes including the Jones Falls Expressway. Nearby is Harlem Park, The Walters Art Gallery & Edgar Allan Poe House & Museum.
Diligence Package: Copy of the purchase and sale agreement, lead cert, rental license with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Saturday, November 16th & ends Thursday, November 21st, 2024 at 2:00 PM.
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. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

Property Facts Under Contract

Price $175,000
Price Per Unit $58,333
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.04 AC
Building Size 2,000 SF
Average Occupancy 100%
No. Stories 4
Year Built 1920
Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (89)

zoning

Zoning Code R-8 (Residential - includes both single family and multi-family)
  • Listing ID: 33536708

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 944 Harlem Ave, Baltimore, MD 21217