"Northwest Baltimore - Fallstaff Neighborhood"

Multi-Family Garden Apartment Complex
"Wilrose Apartments"
15 Self-Contained Units
- Renovation Required -
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Listing Details

Sold Price
$603,750
Auction Date
Auction Time
2:00 PM
Address
3703-3709 Fallstaff Road, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Northwest Baltimore, Fallstaff
Inspection
The property will be open 1 hour prior to the auction or by appointment. Contact the Auctioneers by email: info@ajbillig.com or call 410-296-8440.
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

NORTHWEST BALTIMORE

"Fallstaff Neighborhood"

MULTI-FAMILY GARDEN
APARTMENT COMPLEX

15 Self-Contained Units
- Renovation Required -

Sale On Premises
"Wilrose Apartments"
3703-3709 FALLSTAFF ROAD
Between Park Heights Avenue & Reisterstown Road
Baltimore, MD 21215

TUESDAY, MARCH 22, 2016
AT 2:00 P.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:
The Wilrose Apartments are situated in the Upper Park Heights area of Baltimore City, opposite Northwestern High School and adjacent to Fallstaff Elementary School.  Neighborhood housing is a mixture of garden apartments, townhomes and detached homes.  Substantial renovation is taking place in the neighborhood, including a complete rehabilitation of a multi-family building one block east of Wilrose Apartments.  The property is convenient to places of worship, a kolel, and community shopping.  Public bus transportation is on Fallstaff Road, Reisterstown Road and Park Heights Avenue.

SITE:
Level lot, approximately 0.67 acre, fronting 35' along Fallstaff Road by a depth of 327' along a 16' alley and a rear lot line of 159'

Public water, sanitary sewer, gas, electricity and telephone are in the site.

Asphalt paved parking lot

Central courtyard with stone entry walls and concrete walkways

Rear grassy area

ZONING:
R5, residential - last registered use was for 15 dwelling units

IMPROVEMENTS:
Three interconnected two story brick apartment buildings, believed to comprise approximately 21,000 square feet of gross building area.

Exterior
Double hung windows
Built-up roofs
Multiple exterior doors

Interior

  • 2 three-bedroom and bath units
  • 12 two-bedroom and bath units
  • 1 one-bedroom and bath unit
  • Separate gas forced air heat and air conditioning for each unit
  • Separate utility meters

Four units were substantially damaged by fire and are subject to a notice to raze or rehabilitate.  The buildings are vacant. All utility costs were paid by tenants, except common area electric and taxes.

TITLE:
The property is in fee simple and will be sold free and clear of liens.  Baltimore City Deed Liber 5710, page 375.

TAXES:
2016 Annual real estate taxes are $12,359.32.

TERMS OF SALE:
A $50,000 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to building and housing violation notices.  Purchaser assumes the risk of loss from the date of sale forward.  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.  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.  Time is of the essence.  A 5% buyer's premium will be added to the final bid price.