"Callaway - Garrison - Forest Park Area" Eight Unit Apartment Building Current Gross Annual Income of $57,360

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Listing Details

Sold Price
$156,000
Auction Date
Auction Time
10:30 AM
Address
3800 Egerton Road, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Callaway - Garrison
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

EIGHT UNIT APARTMENT BUILDING
Current Gross Annual Income of $57,360

 

CALLAWAY - GARRISON
N.W. Baltimore - Forest Park Area

Sale on Premises
3800 EGERTON ROAD
Corner 3400 Blk. Ayrdale Avenue
BALTIMORE CITY, MARYLAND 21215

WEDNESDAY, MARCH 6, 2013
Postponed to:
TUESDAY, MARCH 12, 2013
AT 10:30 A.M.


     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. 

LOCATION & DIRECTIONS:

3800 Egerton Road is located in the Callaway - Garrison neighborhood of northwest Baltimore, and is surrounded by the Forest Park, Dorchester and Ashburton neighborhoods. The location is known for its stately detached homes and numerous religious institutions. Proximity to Liberty Heights Avenue offers public transportation, access to downtown and out to I-695 (the Baltimore Beltway). Shopping is along Liberty Heights Avenue and Garrison Boulevard.    


For more information about Baltimore City neighborhoods, please see:
http://www.livebaltimore.com/neighborhoods/list/

For directions from your location, visit: maps.google.com

 

SITE AREA

Rectangular, level lot fronting 85' on Egerton Road, depths of 142' with frontage on Ayrdale Avenue, comprising 12,070 square feet or 0.277 acre, more or less.


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


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three story apartment building contains 8 units and office, and is zoned for 7 units. Units are self contained, each with separate gas and electric meters, and feature vinyl replacement windows. Most units feature exterior porches, and many feature hardwood floors and powder rooms.


Exterior
Siding facade
6 wood covered side porches
Stone foundation
Shingle roof
Vinyl replacement windows


Interior
Interior stairway and common hallway
Drywall walls
Hardwood, vinyl and carpeted floors
MDE lead reduction certificates

  • Unit 1: Four bedrooms, kitchen and 1.5 baths; rented for $800/month on a month to month basis
  • Unit 2: Three bedrooms, kitchen and 1.5 baths; rented for $770/month on a month to month basis
  • Unit 3: Three bedrooms, living room, kitchen and 1.5 baths; rented for $785/month on a month to month basis
  • Unit 4: Three bedrooms, living room, kitchen and 1.5 baths; rented for $740/month on a month to month basis
  • Unit 5: Three bedrooms, living room, kitchen and 1.5 baths; rented for $750/month on a month to month basis
  • Unit 6: Three bedrooms, living room, kitchen and 1.5 baths; rented for $785/month on a month to month basis
  • Unit 7: Four bedrooms, kitchen and bath; vacant
  • Unit 8: Two bedrooms, kitchen and bath; vacant
  • Office: Two rooms and half-bath; vacant
  • Laundry: Coin operated laundry generates approximately $150/month on average
  • Total Current Monthly Income: $4,780


Full unfinished basement with outside exit


Interior Photos
Photos of auction property
OFFICE - PHOTO #1    PHOTO #2    HALF BATH
EXAMPLE APARTMENT - KITCHEN    LIVING ROOM    PORCH
FOYER    HALL    FULL BATH    HALF BATH


All rental information is as provided by the Seller, and believed to be accurate. However, no representation is made, express or implied, regarding the accuracy of this information. Status of tenants is subject to change prior to auction. Up to date information will be provided via this website and on the day of the auction.


Mechanical
9 electric and gas meters
9 gas forced air furnaces
Circuit breakers
8 - electric water heaters


ADDITIONAL INFORMATION:

Leases and MDE lead reduction certificates are available for inspection. Please sign the: Waiver and Confidentiality Agreement (pdf) and email to info@ajbillig.com or fax to 410-296-4420. The documents will be sent by email after receipt of the signed agreement.

 

ZONING

Zoning R2 - Seven Dwelling Units

 

REAL ESTATE TAXES

Published real estate taxes for 2012-2013 are $6,109, based on a full value assessment of $256,700.  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property.  Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information - http://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

In fee simple; and sold free and clear of liens.  Baltimore City Deed Liber 6729,  folio 151.

 

INSPECTION TIME

The property may be inspected from one-hour prior to sale.

 

TERMS OF SALE

A $10,000 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, rent, 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, covenants of record affecting same or housing violation notices, 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, 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!

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.