Six Unit Apartment Building Gross Annual Income of $51,900 "West Arlington - Northwest Baltimore City"

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Listing Details

Sold Price
$97,000
Auction Date
Auction Time
12:00 PM
Address
4101 Groveland Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
West Arlington
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

SIX UNIT APARTMENT BUILDING
Gross Annual Income of $51,900

 

WEST ARLINGTON
Northwest Baltimore City

Sale on Premises
4101 GROVELAND AVENUE
Corner Granada Avenue
Two Blocks from Wabash Avenue
BALTIMORE CITY, MARYLAND 21215

THURSDAY, MAY 13, 2010
AT 12:00 NOON


        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:

4101 Groveland Avenue is situated in the West Arlington neighborhood of northwest Baltimore,two blocks south of Wabash Avenue. Neighborhood housing is substantially made up of well-sized detached properties, some of which have been converted into multiple dwelling units, on large flat lots. The area is well established and desirable due to its proximity to Downtown employment centers and public transportation, notably bus and train service within a few blocks.


Photos of auction property
ADJACENT HOUSES - PHOTO #1    PHOTO #2    PHOTO #3    PHOTO #4


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

 

SITE AREA

Large, level corner lot fronting 100' on Groveland Avenue, with depths of 150' along Grenada Avenue, comprising 15,000 square feet or 0.344 acre, more or less.

All public utilities


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three story porchfront traditional-style building is arranged for six units. Each unit has separate heat, hot water and electric meters. Most units have individual, exterior entrances.


Exterior

Vinyl siding and shingle facade

Covered front porch, second story balcony, side porch and rear porch

Stone basement foundation

Shingle roof

Vinyl replacement windows

Steel and wood fire escapes


Interior

Interior stairway and common hallway

Plaster and drywall walls

Hardwood, vinyl and carpeted floors

MDE lead reduction certificate (See the Additional Information section below)


Full unfinished basement with outside exit


Mechanical

Six electric and gas meters

5 electric heat pumps, one gas boiler

Circuit breakers

6 - electric water heaters

 

ADDITIONAL INFORMATION:

Rent Roll, including unit numbers and bedrooms per unit, and MDE lead reduction certificates are available. Please sign the: Waiver and Confidentiality Agreement (pdf) and fax it to 410-385-1841. The documents will be sent by email after receipt of the signed agreement.

 

ZONING

Zoning R2 - Six Dwelling Units

 

REAL ESTATE TAXES

2009 annual real estate taxes are $4,596, based on a full value assessment of $238,300.

 

TITLE

In fee simple.  The property is sold free and clear of liens.  Deed Liber 6729,  folio 151.

 

INSPECTION TIME

11:00 a.m. on the day of the auction.

 

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, rental income, 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.  The property will be sold subject to the rights of tenants in possession, 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.  Time is of the essence.


NO BUYERS PREMIUM


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)