Unique Opportunity - 16 Brick Garages in "Ellwood Park"

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Listing Details

Sold Price
$105,000
Auction Date
Auction Time
11:00 AM
Address
2940 Jefferson Street, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
Ellwood Park
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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PUBLIC AUCTION

 UNIQUE OPPORTUNITY
"Ellwood Park"
16 - BRICK GARAGES

Fully Leased - $12,720/Year

Sale On Premises
2940 JEFFERSON STREET
Off 500 N. Curley Street
BALTIMORE, MD  21205


WEDNESDAY, MARCH 26, 2008
AT 11:00 A.M.


        NOTE:  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 and acreage contained herein are more or less. 


GENERAL INFORMATION

LOCATION & DIRECTIONS:

Good location, just minutes east of Johns Hopkins Hospital, between the 500 Block of N. Curley Street and  N. Potomac Street and just one block north of Pulaski Highway.  Ellwood Park is a nice neighborhood currently going through renovations and modernization.  Demand for both garages and area housing is strong.

For detailed information on the Ellwood Park Neighborhood, visit:
http://www.livebaltimore.com/nb/list/ellwood/


For directions from your location, visit: MapQuest

 

SITE AREA

53'6" front, 55'6" rear, with depths of 80'7" & 80'6", more or less.

BLOCK PLAT (pdf)

ZONING:
R-8, residential

For the Baltimore City Zoning Code, visit:
http://www.ci.baltimore.md.us/government/zoning/   

 

IMPROVEMENTS

Well maintained brick garages.  Fully leased for $12,720 per year - 5 are rented for $70/month;  10 for $65/month and 1 for $60/month.

 

REAL ESTATE TAXES

$595

 

TITLE

In fee simple;  sold free and clear of all liens

 

INSPECTION TIME

10:30 a.m. on the day of the auction

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $7,500 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 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 the rights of the existing tenants 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. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.


NO BUYER'S PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM