221 E 25th St, Baltimore, MD 21218

** LIST PRICE IS OPENING BID ONLY ** TIMED ONLINE AUCTION! Auction registration & bidding begins Thursday, July 28th @ 2:00pm and ends Tuesday, August 2nd @ 2:00pm. $15,000 Deposit in order to participate in the auction and a Deposit of 10% of the Purchase Price is due from the winning Bidder within ONE BUSINESS DAY of the conclusion of the auction. Exceptional opportunity to purchase a fully leased, renovated (in 2014) and well-maintained 4-unit apartment building, conveniently located at the Southern edge of the "Charles Village" community of Baltimore City. The building is MDE Certified Lead-Free. The property was granted a 10 year Baltimore City CHAP tax credit in 2014 which will expire in 2024. The attached two-story brick and frame porchfront building contains 3,432 +/- sq. ft. of above-grade building area and 1,265 sq. ft. of below-grade (basement) area. The property is also improved by a concrete paved parking pad in the rear. The units are self-contained with gas forced air heating systems, central air conditioning systems, electric hot water heaters and washers and dryers. Each unit is separately metered for gas and electric and the tenants are responsible for paying their own utility bills for gas and electric. Landlord pays for cold water and common area electric. Apartment 1 - Two-bedroom/1bath: $1,200/month Apartment 2 - Two-bedroom/1bath: $1,250/month Apartment 3 - Two-bedroom/1bath: $1,250/month Apartment 4 - Two-bedroom/1bath: $1,300/month Gross Scheduled Monthly Rent = $5,000/month Gross Scheduled Annual Rent = $60,000/year. Typical finishes for the units include stainless steel appliances in the kitchens; wood and ceramic tile floors; drywall and exposed brick walls; drywall ceilings; recessed lighting, ceiling fans and replacement windows. The basement is full, partially finished and contains a sump pump. ** A copy of the rent roll, lead-free lead certificate, leases, multi-family dwelling license, CHAP tax credit letter, Baltimore City block plat and the purchase and sale agreement including assorted addenda are available for review on the auctioneer's website. ** Thank you for your interest!