Investment Opportunity:
REAL ESTATE AUCTION

MORRELL PARK

TWO STORY TOWNHOME
2 Apartment Units


Photo of

Sale On Premises
1030 WILMINGTON AVE.
Wilkens Ave. to DeSoto Rd. south
to Cowan Ave. to Wilmington Ave.

Baltimore, MD 21223

THURSDAY, APRIL 6, 2006
AT 11:00 A.M.


LOCATION MAP

BLOCK PLAT

       Two story inside-group brick townhome, is arranged for two apartment units; updated gas furnace; updated electric; separate electric meters; lot size 19'2" x 122'6", more or less; in fee simple. First floor rented for $500/month; second floor $400/month; month-to-month tenants, no leases.

       TERMS OF SALE: A $5,000 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 within 45 days. If payment of the 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, rent, all other public charges and assessments payable on an 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 sale 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 and transfer taxes to be paid by the purchaser. Time is of the essence. A 5% buyers premium will be added to the final bid price.