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430 W Mulberry Street

BALTIMORE, MD 21201
  • $225,000
  • STATUS: Pending
  • ON SITE: 42 Days
  • ID#: MDBA2110460
Pending
UPDATED: 81 min ago
$225,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

List price to be opening bid at online only auction. Bidding begins on Saturday, February 3rd, and ends on Thursday, February 8, 2024 at 11:00am. Exceptional opportunity to purchase a brick end-of row Apartment building with 5-units located in the "Bromo Arts District" of Baltimore City. There is a 2-bedroom unit on the 4 above grade levels, and a large studio unit in the lower level. Each tenant has a current yearly lease. The Multifamily License is for 5-units and there is a Lead Certificate. $4,750 Potential Gross Monthly Rental Income Based on Current Occupancy** $57,000 Potential Gross Annual Rental Income Based on Current Occupancy** $3,750 Actual Gross Monthly Rental Income Based on Current Occupancy** $45,000 Actual Gross Annual Rental Income Based on Current Occupancy** Per the seller: there was a new roof installed in 2023. Within the last 2 years, many updates were made in order to get the Multifamily license. Owner pays taxes, insurance, water and sewer. The owner also pays electric and is being reimbursed $75 per month by 3 of the 4 current tenants. **This reimbursement is in addition to the signed lease and is not included in the above gross monthly and annual rental income figures. Each unit has a hot water heater, and mini-splitter for heat and cooling. Unit 4 is currently vacant. The seller is in the process of renting this unit for $1,000 per month, with a signed yearly lease. There is currently a delay in them moving in. This potential tenant also signed an addendum to pay $75 per month for electric. Location: The property has a convenient location near Downtown Baltimore. There is plenty of dining, shopping, schools, recreational facilities, and access to transportation routes. The Bromo Arts District is located in close proximity to M&T Bank Stadium, Oriole Park at Camden Yards, the Convention Center, Inner Harbor, Hippodrome, CFG Bank Arena, Lexington Market & more. Per the 'Baltimore Office of Promotion & the Arts' website (the External Link to the site is included above) : "The Bromo Arts District was established in 2012 to encourage and support a thriving downtown arts neighborhood. With a continually growing art scene, our 117 acre district is home to over 30 cultural organizations and hundreds of artists and those employed through the arts."

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T18:54:20.587.
www.newhometeammd.com/homes/146481156
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430 W Mulberry Street BALTIMORE, MD 21201

  • Price: $225,000
  • Status: Pending
  • On Site: 42 Days
  • Updated: 81 min ago
  • ID#: MDBA2110460
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1920
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
List price to be opening bid at online only auction. Bidding begins on Saturday, February 3rd, and ends on Thursday, February 8, 2024 at 11:00am. Exceptional opportunity to purchase a brick end-of row Apartment building with 5-units located in the "Bromo Arts District" of Baltimore City. There is a 2-bedroom unit on the 4 above grade levels, and a large studio unit in the lower level. Each tenant has a current yearly lease. The Multifamily License is for 5-units and there is a Lead Certificate. $4,750 Potential Gross Monthly Rental Income Based on Current Occupancy** $57,000 Potential Gross Annual Rental Income Based on Current Occupancy** $3,750 Actual Gross Monthly Rental Income Based on Current Occupancy** $45,000 Actual Gross Annual Rental Income Based on Current Occupancy** Per the seller: there was a new roof installed in 2023. Within the last 2 years, many updates were made in order to get the Multifamily license. Owner pays taxes, insurance, water and sewer. The owner also pays electric and is being reimbursed $75 per month by 3 of the 4 current tenants. **This reimbursement is in addition to the signed lease and is not included in the above gross monthly and annual rental income figures. Each unit has a hot water heater, and mini-splitter for heat and cooling. Unit 4 is currently vacant. The seller is in the process of renting this unit for $1,000 per month, with a signed yearly lease. There is currently a delay in them moving in. This potential tenant also signed an addendum to pay $75 per month for electric. Location: The property has a convenient location near Downtown Baltimore. There is plenty of dining, shopping, schools, recreational facilities, and access to transportation routes. The Bromo Arts District is located in close proximity to M&T Bank Stadium, Oriole Park at Camden Yards, the Convention Center, Inner Harbor, Hippodrome, CFG Bank Arena, Lexington Market & more. Per the 'Baltimore Office of Promotion & the Arts' website (the External Link to the site is included above) : "The Bromo Arts District was established in 2012 to encourage and support a thriving downtown arts neighborhood. With a continually growing art scene, our 117 acre district is home to over 30 cultural organizations and hundreds of artists and those employed through the arts."
Exterior Features

Construction Materials Other Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4850.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Other Hot Water Other Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 802805500434 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Auction Sewer Public Sewer Tax Annual Amount 5717.00 Tax Assessment Amount 242233.00 Tax Lot 012 Vacation Rental YN No Water Source Public Zoning C-5DC

Listing courtesy of Alex Cooper Auctioneers, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T18:54:20.587.
 
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