REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewerâs Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.
LOCATION LOCATION LOCATION!!! Rare opportunity to own your own home with an additional 2 rental units in this large triplex with parking pad big enough to accommodate 2 vehicles. Main unit boasts 2 bedrooms with 1 full bathroom, full kitchen, washer and dryer, and plenty of storage space in the large unfinished basement. Each rental unit is a studio apartment with full kitchen, bathroom and washer and dryer in unit. Schedule your tour today! BEING SOLD AS IS!
Nicely updated end of row 2 unit townhome in Bayview with garage and fenced courtyard. Great neighborhood, close to the park, Bayview Hospital, and new Yard 56. Great for owner occupant or investor. Lots of updates and character. Updated hvac, kitchens, and plumbing. The home has granite, exposed brick, fresh paint, and tons of light. Unit 1 is two levels and is now vacant. Unit 2 is rented for $1275 plus water. Separately metered, washer and dryer in each unit, disposals, and dishwashers. Great location by Johns Hopkins Bayview campus and 95. Ample street parking and a 1 car garage. Then building was owner occupied, and than rented for $2850.
Great opportunity to own a two unit building in Greek Town, This building is newly renovated, building features 1 2 bedroom apartment and 1 3 bedroom apartment. new kitchens, HVAC, flooring, bathrooms and paint. You can live in one unit while renting the other. Also this can be a great addition fo your rental portfolio.
Welcome to this stunning brick exterior townhome, ideally located close to downtown Baltimore. This versatile property offers an excellent income-generating opportunity with two separate units. Both units currently occupied by stable, paying tenants. The main level unit features luxury vinyl flooring throughout for a modern and durable finish. French doors open seamlessly into the main bedroom, which has direct access to the beautifully landscaped yard. The lower level includes a spacious kitchen area with room for a dining table, ample counter space, sleek appliances, a full bathroom, and a potential bedroom area. The upper unit boasts two bedrooms with high ceilings and a neutral color palette, creating an airy and inviting atmosphere. The bright kitchen is equipped with 42â display cabinetry, and a convenient hall bath serves family and guests alike. Major commuter routes, including I-695, I-83, and I-95, are easily accessible, enhancing the convenience and appeal of this fantastic property. Don't miss out on the many possibilities this townhome offers as both a residence and an investment.
THE LIST PRICE REPRESENTS THE OPENING OFFER AMOUNT NET TO SELLER. AGENTS - PLEASE VIEW AGENT REMARKS IN BRIGHT MLS. Offers will be accepted through Friday, October 4, 2024, at 1:00 pm. The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease is month to month. The roof across all three buildings were done 2 years ago, the furnace in 2619 replaced 2 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced this year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. Rents could easily be attained between $1800 - $2000 per unit or more, there is a huge potential for a 9%+ Cap rate. The listing price is less than $200K/building, which is a great value for the area. Buyer to verify potential use. Schedule your tour today! AT SELLER'S DISCRETION, AN OFFER MAY BE ACCEPTED AT ANY TIME.
The median home value in Baltimore, MD is $118,800. This is lower than the county median home value of $120,800. The national median home value is $219,700. The average price of homes sold in Baltimore, MD is $118,800. Approximately 38.51% of Baltimore homes are owned, compared to 42.81% rented, while 18.68% are vacant. Baltimore real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Baltimore real estate agent to arrange a tour today!
Baltimore, Maryland 21224 has a population of 619,796. Baltimore 21224 is more family-centric than the surrounding county with 18.48% of the households containing married families with children. The county average for households married with children is 18.13%.
The median household income in Baltimore, Maryland 21224 is $46,641. The median household income for the surrounding county is $46,641 compared to the national median of $57,652. The median age of people living in Baltimore 21224 is 35 years.
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.8 degrees. The average rainfall is approximately 44.4 inches per year, with 20.4 inches of snow per year.