PUBLIC AUCTION

Investment Opportunity!
6 - Income Producing
TWO STORY TOWNHOMES

In Good Locations


Sales On Premises
THURSDAY, JULY 21, 2005





AT 10:30 A.M.
5428 FORCE ROAD
BALTIMORE, MD 21206
"Frankford"

       Located off the 5800 block of Frankford Avenue. 2 story brick covered porchfront townhome contains: living room, dining room, kitchen, 3 bedrooms, bathroom and powder room; full basement. Lot size: 16'4" x 100', more or less. Rented for $725/month. Annual $90 ground rent. In good condition.

LOCATION MAP
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BLOCK PLAT





AT 11:15 A.M.
14 N. HIGHLAND AVENUE
BALTIMORE, MD 21224
"Highlandtown"

       Located off the 3400 block of E. Baltimore Street. 2 story brick/formstone townhome contains: living room, dining room, kitchen, 3 bedrooms and bathroom; full basement. Lot size: 13'9" x 70', more or less. Rented for $675/month. In fee simple. In need of renovation.

LOCATION MAP
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BLOCK PLAT





AT 12:00 NOON
1258 WASHINGTON BOULEVARD
BALTIMORE, MD 21230
"Washington Village"

       Located off the 1300 block of W. Ostend Street. 2 story brick/formstone townhome contains: living room, dining room, kitchen, 3 bedrooms and bathroom; full basement. Lot size: 12' x 70', more or less. Rented for $650/month. In fee simple. In need of renovation.

LOCATION MAP
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BLOCK PLAT




AT 1:00 P.M.
5138 WOOLVERTON AVENUE
BALTIMORE, MD 21215
"Central Park Heights"

       Located off the block of 2800 W. Belvedere Avenue. 2 story brick/formstone townhome contains: living room, dining room, kitchen, 2 bedrooms and bathroom; full basement. Lot size: 18' x 87'6", more or less. Rented for $625/month. In fee simple. In average condition.

LOCATION MAP
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BLOCK PLAT




AT 1:30 P.M.
5011 ELMER AVENUE
BALTIMORE, MD 21215
"Central Park Heights"

       Located off the block of 3400 W. Belvedere Avenue. 2 story brick covered porchfront townhome contains: living room, dining room, kitchen, 4 bedrooms and bathroom; full basement. Lot size: 25' x 120', more or less. Rented for $800/month. Annual $45 ground rent. Completely renovated with vinyl windows and drywall throughout.

LOCATION MAP
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BLOCK PLAT




AT 2:00 P.M.
4119 W. ROGERS AVENUE
BALTIMORE, MD 21215
"Woodmere"

       Located off the block of 5500 Reisterstown Road. 2 story brick covered porchfront townhome contains: living room, dining room, kitchen, 3 bedrooms and bathroom; full basement; central air. Lot size: 19' x 90', more or less. Rented for $665/month. In fee simple. In average condition.

LOCATION MAP
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BLOCK PLAT


TERMS OF SALE

       Deposit payable by certified or cashier's check of $5,000 on each property will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Taxes, ground rent, if any, and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!

ALL PROPERTIES WILL BE OPEN APPROXIMATELY
ONE-HALF HOUR PRIOR TO EACH AUCTION

       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS. ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.