944 Harlem Ave - Apartments FOR SALE


Baltimore, MD 21217
$175,000 USD
410-977-4711
944 Harlem Ave, Baltimore, MD for Sale
$175,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

944 Harlem Ave
Baltimore, MD 21217


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

3

PRICE/UNIT

$58,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Unit Apartment Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,802 SF

ZONING

R-8

APN/PARCEL ID

16-15-0104-031

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.