"West Baltimore"

APARTMENT BUILDING
Three Story - Three Units
$25,200 Gross Annual Rent
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Listing Details

Sold Price
$56,000
Auction Date
Auction Time
12:30 PM
Address
1304 W. Lafayette Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
West Baltimore
Inspection
The home 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, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

WEST BALTIMORE

Three Story - Three Unit
APARTMENT BUILDING
- $25,200 Gross Annual Rent -

Sale On Premises
1304 W. LAFAYETTE AVENUE
Baltimore City, MD 21217

THURSDAY, OCTOBER 27, 2016
AT 12:30 P.M.

- Suggested Opening Bid: $25,000 -

      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:
1304 W. Lafayette Avenue is located in West Baltimore, at the edge of the Sandtown-Winchester and Harlem Park neighborhoods. The building is situated less than 1 mile from Downtown Baltimore, and is proximate to the Upton Metro and West Baltimore MARC rail stations. Bus service is along both W. Lafayette Avenue and Carey Street. Lafayette Square Park and Harlem Park are within 2-3 blocks.

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

SITE:
Rectangular lot - 15' x 80', more or less

Rear facing playground

Zoning R-8, residential, 3 dwelling units

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

IMPROVEMENTS:
Three story brick inside-group building - the building was constructed in 1910 according to public tax records. The building was updated in 2010, features vinyl clad replacement windows, two MDE lead free and one lead reduced certificate. Arranged for one 2-BR unit and two 1-BR units, each with separate kitchen, bath and electric meters. The units are currently rented as follows: Unit 1 (2 BR) - $800/month; Unit 2 (1 BR) - $650/month; and Unit 3 (1 BR) - $650/month.

Leases:  Unit 1    Unit 2     Unit 3

Lead Certificates:   Unit 1     Unit 2     Unit 3

TITLE:
Annual $90 ground rent (unregistered); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $332.76 based on a full value assessment of $14,100.

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 of the auction day and time, 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, 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 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. 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!