"Northeast Baltimore"

Mixed-Use Building
3 Apartments, 2 Storefronts & Parking Lot
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Listing Details

Sold Price
$169,000
Auction Date
Auction Time
11:00 AM
Address
3219-3221 Belair Road, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
Northeast Baltimore
Inspection
At 10:00 a.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.
Additional Documents
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

NORTHEAST BALTIMORE

MIXED-USE BUILDING
3 Apartments, 2 Storefronts &
Parking Lot

Sale On Premises
3219-3221 BELAIR ROAD
Near Erdman Avenue
Baltimore City, MD 21213

THURSDAY APRIL 14, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $125,000 -

    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:
3219-3221 Belair Road is located in the Belair-Edison area in northeast Baltimore. The property sits one-half block south of Erdman Avenue, along a commercial strip featuring retail stores, service businesses, restaurants and offices. According to the Maryland State Highway Administration map, the traffic count along that section of Belair Road is roughly 22,000 cars per day. Clifton Park is immediately west of the property.

The building is arranged for 3 residential apartment units, 2 storefronts, a large basement storage area accessible from the parking lot and a parking lot with curb cut along Belair Road. The parking lot is currently paved for 4-6 cars, but could be expanded to accommodate significantly more. The auction presents a great opportunity  to operate the storefronts while getting cash flow from the apartments, or for an investor leasing the whole property.

For more information, please see:
http://www.livebaltimore.com/neighborhoods/

SITE:
Mostly rectangular lot fronting 49'9.75" on Belair Road, with a depth of 185'8" more or less. Bound in the rear by a 12' alley known as Brendle Court.

Curb cut on Belair Road

Rear macadam paved parking area for approximately 5-6 vehicles

The rear of the lot is grassy, mostly flat and with some small trees, making the area suitable for paving for increased parking   

Serviced by public water, public sewer and natural gas

Zoned B-2-2, Community Business District

Multi-Family Dwelling License for 3 Units

IMPROVEMENT DESCRIPTION:
Two story brick semi-detached building. The building is estimated to have 4,680 square feet of gross building area above grade, and a large storage basement.  Features include separate electric meters, separate gas meters, interior apartment entrances, vinyl replacement windows, forced air heat, CAC and good road frontage. The building is arranged as follows:

Exterior
Brick exterior
Flat built-up roof
Vinyl-clad replacement windows
Aluminum down spouts and rain gutters

First Floor - Commercial Spaces
Interior finishes are drywall, drop ceilings and laminate floors. The units are currently divided into two separate spaces, but could be easily used as one space.

Front Commercial Unit 1: Separate front entrance, two open rooms, powder room and storage closet.

Front Commercial Unit 2: Separate front entrance, two open rooms, powder room and storage closet.

Second Floor - Residential Spaces
Units have a common entrance on the first floor, and separate entrances above. Units have separate furnaces and water heaters.

Unit 2A - 2 rooms, kitchen and full bath
Unit 2B - 2 rooms, kitchen and full bath
Unit 2C - 2 rooms, kitchen and full bath

Basement - Unfinished Storage Space
Used as a workshop and plumbing storage supply. Exterior entrance from rear.

Note: The commercial space in 3219 is currently rented to an accountant for $600/month on a one year lease. One of the residential units is currently rented for $490/month, on a month to month lease. The balance of the units are vacant.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $3,322.88 based on a full value assessment of $140,800.

TITLE:
The property is in fee simple; and is being sold free and clear of all liens.

INSPECTION:
At 10:00 a.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.

TERMS OF SALE:
A $10,000 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, 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.  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.  Time is of the essence.

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