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$ 600,000
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Active
1611 GWYNNS FALLS PKWY Baltimore, MD 21217
7,440 SqFt
UPDATED:
10/04/2024 06:05 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $80
MLS Listing ID MDBA2133588
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $22,468
Tax Year 2024
Lot Size 7,440 Sqft
Acres 0.17
Property Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Online Auction Only! Bidding begins Wednesday, October 2nd & ends Monday, October 7th, 2024 @ 12:30 PM. A great opportunity to purchase a 7,440+/- SF multifamily apartment building on a .17+/- Acre Lot. The buildings are configured with 14 residential 1 bedroom 1 bath apartment units and 3 garage spaces. The exterior of the buildings are brick and stucco. The property is zoned R-7.
Location: The property is located along the south side of Auchentoroly Ter and north of Reisterstown Rd. It is conveniently located near Mondawmin Mall which gives easy access to shopping, restaurants and retail establishments. There are bus stops nearby. **Current Gross Monthly Rent of $3,415**
**Current Gross Annual Rent of $40,980**Per the seller: **Potential Gross Monthly Rent of $17,100**
**Potential Gross Annual Rent of $205,200**Currently 3 of the units are occupied, 11 vacant and the 2 garages are rented.Unit features: Each unit is separately metered for gas and electric and is self contained with it's own gas forced air furnace and water heater. The vast majority of the vacant units have been turned and most are tenant ready with some finishing touches.
Location: The property is located along the south side of Auchentoroly Ter and north of Reisterstown Rd. It is conveniently located near Mondawmin Mall which gives easy access to shopping, restaurants and retail establishments. There are bus stops nearby. **Current Gross Monthly Rent of $3,415**
**Current Gross Annual Rent of $40,980**Per the seller: **Potential Gross Monthly Rent of $17,100**
**Potential Gross Annual Rent of $205,200**Currently 3 of the units are occupied, 11 vacant and the 2 garages are rented.Unit features: Each unit is separately metered for gas and electric and is self contained with it's own gas forced air furnace and water heater. The vast majority of the vacant units have been turned and most are tenant ready with some finishing touches.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Other
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0313053235 019
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.