"Upper Fells Point National Historic District"

Corner Mixed-Use Building
3 Storefronts, 3 Apartments & Garage
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Listing Details

Sold Price
$351,000
Auction Date
Auction Time
11:00 AM
Address
133 S. Broadway, Baltimore, MD, 21231
County
Baltimore City
Neighborhood
Upper Fells Point National Historic District
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

UPPER FELLS POINT
National Historic District

CORNER MIXED-USE BUILDING
3 Storefronts, 3 Apartments & Garage

Sale On Premises
133 S. BROADWAY
Corner 1700 E. Pratt Street
Baltimore City, MD 21231

TUESDAY, MARCH 15, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $250,000 -

    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:
Broadway is the predominant north-south artery in southeast Baltimore City. The Fells Point area features an eclectic array of architecture and historic character, with Broadway exemplifying much of that charm. The location is well known as an employment, shopping, dining and entertainment hub in Baltimore. Johns Hopkins Hospital is just a couple of blocks to the north. Other surrounding neighborhoods include Canton, Patterson Park and Butcher's Hill.

Situated at Broadway and Pratt Street, the property's orientation offers tremendous exposure for businesses of all kinds. The variety of shopping, dining, office and residential uses in close proximity exemplify the high demand for space in the area. The building is currently only 50% occupied, with the three apartments rented for a total of $2,700/month. The auction offers an opportunity for a user to have a visible location in an historic neighborhood while generating cash flow from the additional units, or for an investor to maximize cash flow once all units are occupied.

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

http://www.upperfellspoint.org/
 
SITE:
Rectangular lot fronting 22' on Broadway, with a depth of 103' along Pratt Street, more or less

Serviced by public water, public sewer and natural gas

Large rear garage - access from Pratt Street

Zoned B-2-2, Community Business District: Approved use for 3 dwelling units, office and appliance store

IMPROVEMENT DESCRIPTION:
Three story brick semi-detached building  - according to public tax records, the building was constructed in 1900, and contains 5,324 square feet of gross building area. Features include upgraded electrical service, separate electric and gas meters, interior apartment entrances, vinyl replacement windows, steel fire escape, MDE lead certificates, storage garage with overhead door, second floor side terrace and rear rooftop deck. The property contains three commercial units and three occupied apartments, with the apartments rented for a total of $2,700/month. The building is arranged as follows:

First Floor
Front Commercial Unit (known as 133 S. Broadway): Two open rooms, kitchenette, storage closet, powder room and built-in safe.

Side Commercial Unit (known as 1702 E. Pratt Street): Recently updated space with new flooring, new drop ceiling, new windows and upgraded electrical panel. Arranged for two large open rooms with separate entrances fronting on Pratt Street.

Side Commercial Unit (known as 1704 E. Pratt Street): Open room with entrance on Pratt Street. Needs updating.

Storage garage with overhead door

Entrance to second and third floor apartment units

Second and Third Floor
Three apartments (known as 1700 E. Pratt Street):

Apartment A (second and third floor rear): Large open living room and dining room combination, open kitchen with stainless hood, stainless range oven and updated cabinets, sun room, ceramic tile bath with sauna shower, rear and side decks, sleeping loft with full bath and walk-in closet. Separate exterior entrance on first floor, rear of property. Currently rented for $1,100/month.

Apartment B (second floor front): Galley kitchen with breakfast bar (newer stainless refrigerator/freezer), living room (wood floor) with fireplace and brick mantle, bedroom and full ceramic tile bath. Currently rented for $800/month.

Apartment C (third floor front): Living Room (parquet wood floor) with fireplace and brick mantle, eat-in kitchen, bedroom, ceramic tile bath and large hall closets. Currently rented for $800/month.

There are currently three electric and three gas meters in the property. Permits have been approved and meter boxes installed for three additional electric meters.

MDE Lead Inspection Certificate

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $5,835.50 based on a full value assessment of $247,267.

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 $25,000 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. 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 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.  The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. 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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