"Brooklyn"

CONVENIENCE STORE
Currently Rented for $1,152/Month
& MODERN APARTMENT
Previously Rented for $895/Month
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Listing Details

Sold Price
$167,000
Auction Date
Auction Time
11:00 AM
Address
3806-3808 S. Hanover Street, Baltimore, MD, 21225
County
Baltimore City
Neighborhood
Brooklyn
Inspection
The property will be open 1 hour before the auction.
Additional Documents
2012 inspection certificate and 2015 re-inspection
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION 
- $100,000 Suggested Opening Bid -

BROOKLYN

CONVENIENCE STORE
Currently Rented for $1,152/Month
& MODERN APARTMENT
Previously Rented for $895/Month

Sale On Premises
3806-3808 S.
HANOVER STREET
South of Patapsco Avenue
Baltimore, MD 21225

TUESDAY, SEPTEMBER 13, 2016
AT 11:00 A.M.

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:
3806-3808 S. Hanover Street is located in the heart of Brooklyn's commercial district, south of Patapsco Avenue, north of Potee Street (MD-2).  The property is situated on the west side of Hanover Street, opposite Washburn Avenue.  Neighborhood commercial buildings are generally one and two story in-line storefronts, interspersed with group townhomes.  Neighborhood businesses are typically community-oriented.

3806 S. Hanover Street is a storefront building, occupied by Ray's Food Market since March 2012.  3808 S. Hanover Street is a two story apartment unit.

SITE:
Rectangular lot - 28' x 90'
Zoning B-3-2, commercial
All public utilities
14' rear alley provides access to a one-car parking pad

IMPROVEMENTS:
Two Story In-Line Brick Building with One Story Brick Extension.  According to public tax records, the building was constructed in 1940 and contains 2,214 square feet of gross building area.

3806 - convenience store with separate entrance, vinyl floor, drywall, acoustical tile ceiling, cashier's section, open sales area, rest room and storage room; basement storage area and rear loading door.  The store is currently under lease and rented for $1,152 per month.

 

 

3808 - apartment with separate entrance.  First floor has carpeted living room with fireplace, carpeted dining room, kitchen with ceramic tile floor, stacking washer/dryer, gas range/oven, refrigerator, microwave, wood cabinets and laminate counters.  Second floor has 3 carpeted bedrooms and full ceramic tile bath.  The unit was formerly rented for $895 per month.

 

 

Each unit has separate gas forced air heat, central air conditioning and separate utility meters.

TITLE:
The property is in fee simple and sold free and clear of liens.  Deed Liber 9748, Folio 204.

TAXES:
Published annual real estate taxes are $2,215.26.

TERMS OF SALE:
A $10,000 deposit, payable by 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. All adjustments, including taxes, rents, 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 settlement 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 contract forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.   The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  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.