Ground Rent Portfolio Offering

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Listing Details

Sold Price
$15,555
Auction Date
Auction Time
12:00 PM
Address
Various Addresses, Baltimore, MD
County
Baltimore City
Scroll down for Complete Details, including: property description and Terms of Sale.

GROUND RENT PORTFOLIO OFFERING

Note: Adjusted Terms of Sale

NOTES

  1. The package contains 35 Ground Rents.
  2. None of the ground rents are registered.
  3. Seller has the deed or deed reference for each ground rent.
ADDRESS PER YEAR PAYING DUE
DATES
1505 Abbotston Street 21218 90.00 yes 4/25 & 10/25
1523 Abbotston Street 21218 90.00 yes 5/1 & 11/1
1418 Aisquith Street 21202 84.00 no 3/15 & 9/15
1420 Aisquith Street 21202 84.00 yes 5/23 & 11/23
1015 N. Appleton Street 21217 90.00 yes 6/27 & 12/27
1430 N. Broadway 21213 84.00 no 3/12 & 9/12
1724 Carswell Street 21218 68.00 yes 2/1 & 8/1
1758 Carswell Street 21218 72.00 yes 2/3 & 8/3
1507 N. Chapel Street 21213 60.00 no 2/5 & 8/5
1820 Clifton Avenue 21217 60.00 no 1/1 & 7/1
2216 Druid Hill Avenue 21217 90.00 no 2/22 & 8/22
2744 Edmondson Avenue 21223 90.00 no 5/1 & 11/1
2542 W. Fairmount Avenue 21223 84.00 no 2/28 & 8/28
3904 W. Garrison Avenue 21215 86.00 no 5/15 & 11/15
1513 E. Lafayette Avenue 21213 48.00 yes 5/19 & 11/19
1207 W. Lanvale Street 21217 100.00 no 5/1 & 11/1
1340 N. Luzerne Avenue 21213 78.00 yes 5/1 & 11/1
2209 Lynnbrook Street 21217 96.00 no 2/21 & 8/21
1550 McKean Avenue 21217 69.00 no 5/9 & 11/9
2006 McKean Avenue 21217 96.00 no 5/10 & 11/10
2010 McKean Avenue 21217 96.00 yes 5/8 & 11/8
2013 McKean Avenue 21217 96.00 yes 2/11 & 8/11
2016 McKean Avenue 21217 90.00 yes 4/20 & 10/20
1030 N. Milton Avenue 21205 60.00 no 2/1 & 8/1
1034 N. Milton Avenue 21205 84.00 yes 5/28 & 11/28
1001 N. Monroe Street 21217 78.00 no 5/22 & 11/22
1103 N. Monroe Street 21217 84.00 no 2/15 & 8/15
1123 N. Monroe Street 21217 78.00 yes 1/1 & 7/1
1629 Moreland Avenue 21216 90.00 yes 3/5 & 9/5
4005 Oakford Avenue 21215 96.00 yes 5/4 & 11/4
807 N. Port Street 21205 36.00 yes 1/1 & 7/1
1604 N. Port Street 21213 36.00 no 6/1 & 12/1
1940 Ridgehill Avenue 21217 48.00 yes 6/13 & 12/13
2040 Robb Street 21218 84.00 yes 6/25 & 12/25
3315 St. Ambrose Avenue 21215 90.00 yes 2/1 & 8/1
TOTAL GROUND RENTS $2,765.00    



TERMS OF SALE

  1. Sale will be all cash.
  2. A deposit of 10% of the Purchase Price will be required of Purchaser within twenty-four (24) hours of acceptance by the Seller.
  3. All offers are to be expressed as a money amount. The Purchase Price will be adjusted in favor of Buyer in the event that any rents are redeemed or determined to have unmarketable title prior to Closing. The amount of the adjustment will be determined by multiplying the annual rent from the property not being sold by the Capitalization Rate for the entire transaction. The Capitalization Rate shall be determined by dividing the annual package income by the bid made by the Buyer.
  4. All costs to convey title, including Buyer's legal fees, deed preparation, all title company charges and fees, recordation fees, recordation taxes, and transfer taxes are to be paid by the Buyer. Purchase Price to be paid by Buyer is Net to Seller. All offers will be evaluated on a Net to Seller basis.
  5. Right to collect all rents unpaid as of Closing shall belong to the Buyer. All adjustments as of the date of settlement.
  6. Closing is to occur no later than thirty (30) days after execution of the Agreement of Sale. Buyer shall execute the Agreement of Sale within twenty-four (24) hours after notification that Buyer is the successful bidder.
  7. The Seller reserves the unqualified right to reject any or all offers. Bids will be accepted or rejected within twenty-four (24) hours of bid opening.
  8. Time is of the essence.


BIDDING INSTRUCTIONS

All bids are to be received, in writing, by 12:00 Noon on Thursday, November 7, 2013.

Please Submit Bids by Email to dan@ajbillig.com