3 Unit Apartment Building | 944 Harlem Ave
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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.
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 | Building Class | C |
| Price Per Unit | $58,333 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Townhome |
| 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 |
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Walk Score ®
Very Walkable (74)
Transit Score ®
Excellent Transit (89)
zoning
| Zoning Code | R-8 (Residential - includes both single family and multi-family) |
| R-8 (Residential - includes both single family and multi-family) |
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Matt Cooper -
Larry Cooper -
Alex Cooper Auctioneers, Inc.
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3 Unit Apartment Building | 944 Harlem Ave
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