"Southwest Baltimore - Carrolton Ridge"

Three Story Interconnecting Mixed Use Building
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Listing Details

Sold Price
$20,000
Auction Date
Auction Time
12:00 PM
Address
1805-1807 W. Pratt Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Southwest Baltimore, Carrolton Ridge
Inspection
The buildings may be inspected 30 minutes prior to the auction.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

SOUTHWEST BALTIMORE
“Carrolton Ridge”

Three Story, Interconnecting
MIXED-USE BUILDINGS
Arranged for Storefront & Apartments

Sale On Premises
1805-1807 W. PRATT STREET
Baltimore City, MD 21223

THURSDAY, OCTOBER 8, 2015
AT 12:00 P.M.

- Suggested Opening Bid: $5,000 -

NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
1805-1807 W. Pratt Street is located in the Carrollton Ridge neighborhood in Southwest Baltimore.  Carrollton Ridge is located just south of Frederick Avenue, and north of Carroll Park. West Pratt Street is a major route for those heading in and out of downtown Baltimore, and features a variety of property uses. Nearby businesses include automotive, retail, dining and neighborhood services. Residential properties are a mix of single family and multi-unit dwellings. The buildings provide a good opportunity for a highly visible business, or as an investment project comprised of commercial and residential units.   

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lots:
- 1805 W. Pratt Street: 14' x 70', more or less
- 1807 W. Pratt Street: 14' x 70', more or less

Zoning B-3-2, Community & Highway Commercial

Public water, sewer, gas, electricity, telephone, cable TV

IMPROVEMENTS:
Two 3-story brick interconnecting storefront buildings. According to public tax records the buildings were constructed in 1900. The properties are currently arranged for one large storefront and efficiency apartments. Some construction work has been done. The properties require additional renovation.

TITLE:
Both properties are in fee simple;  and sold free and clear of liens.

TAXES:
Published 2015-2016 annual real estate taxes:
- 1805 W. Pratt Street - $432.66
- 1807 W. Pratt Street - $432.66
 
INSPECTION:
The buildings may be inspected 30 minutes prior to the auction.

TERMS OF SALE:
A $2,500 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office.  Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  All adjustments, including taxes, ground rent, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.   If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law.  Time is of the essence.

NO BUYER'S PREMIUM!