INVESTMENT OPPORTUNITY
PUBLIC AUCTION SALE


WESTSIDE
DOWNTOWN BALTIMORE

4 STORY BUILDING
(Projected Annual Rental: $18,840)

Photos of auction property
FRONT VIEW      REAR LOT

Sale On Premises
211 W. MULBERRY ST.
& 208 W. PLEASANT ST.

Between Howard St. & Park Ave.
Baltimore, MD 21201

TUESDAY, JULY 18, 2006
AT 11:00 A.M.


LOCATION MAP

BLOCK PLAT

       Located in a rapidly developing business, office and residential redevelopment area, 211 W. Mulberry St. contains: 1- retail unit; 2- efficiency apartments and a 1- bedroom apartment; retail sign. All units are self-contained. Total monthly rentals - $1,570 - 100% leased. (Leases are month to month.) Lot size: 15'6" x 70'. Rear of property (208 W. Pleasant St.) is a lot - 15'6" x 26'. All zoned B-4-2. Subject to a $240 ground rent. Both properties will be sold together.

       TERMS OF SALE: A deposit by certified check or cashier's check of $10,000 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 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 as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein, and subject to the rights of the existing tenants. 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE. A 5% Buyer's Premium will be added to the purchase price.