Short Sale
Address
1103 W Baltimore Street Baltimore, MD
Price
$ 50,000
Property Attributes
  • MLS#MDBA516212
  • TypeCommercial
  • CountyBALTIMORE CITY
  • CityBaltimore
  • Zip21223
  • StyleConvenience Store/Gas
  • Year Built1870
  • Taxes2692
  • Price$ 50,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3488
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Alex Cooper Auctioneers, Inc.
Property Description

TIMED ONLINE AUCTION! List Price is Opening Bid only. Registration & bidding begins Saturday, October 10th @ 2:00pm and ends Thursday, October 15th @ 2:00pm. $5,000 Deposit in order to participate in the auction and a Deposit of 10% of the Purchase Price is due from the winning Bidder within ONE BUSINESS DAY of the conclusion of the auction. ** THE SALE IS SUBJECT TO 3RD PARTY (LENDER) APPROVAL WITHIN 7 CALENDAR DAYS FROM THE SALE DATE ** Exceptional opportunity to purchase an attached Mixed-Use building with retail store frontage along W. Baltimore Street located in the "Hollins Market" community of Baltimore City. According to Baltimore City Tax Records, the property is zoned C-2 (Commercial), has 15' +/- of road frontage and is improved by a 3,488 +/- sq. ft. masonry building. The building has three above-grade stories. It is partitioned into two rental units: Unit 1 (Commercial - Ground Floor): Scheduled Base Rent plus Charges of $2,013.74/month - Currently used as a retail storefront. Tenant is currently in arrears on their rent. Please call Auction Agent (Nick Luciani 443-465-4761) to discuss. Unit 2 (Residential - 2nd and 3rd Floors): Vacant - Updated - Potential Market Rent of $995/month. The first level of this unit (2nd Floor) includes a living room/dining room combo, kitchen, bedroom and full bathroom. The second level of this unit includes two bonus rooms and a full bathroom. The two 3rd floor bonus rooms could be easily converted to bedrooms with the addition of a closet in each bonus room. The unit has a private entrance accessed from the rear of the building. $24,164.88 Gross Scheduled Annual Base Rent plus Charges and $36,104.88 Gross Potential Annual Base Rent plus Charges (Based on full occupancy and a market rent of $995/month for vacant residential unit). There is one gas and one electric meter for the entire building. Unit 1 (commercial tenant) is responsible for paying the water/sewer, gas and electric bills for the entire building. This tenant is also responsible for paying 50% of the property's real estate taxes in addition to his scheduled monthly base rent. The building's basement is believed to be unfinished. Do not miss this one!

Price History
7/7/2020 Listed $50,000

General Features

Accessibility None
Business Type Convenience Store/Gas
Construction Materials Brick, Masonry
Cool Fuel Electric
Cooling Window Unit(s)
County BALTIMORE CITY
Heating Forced Air, Other
Legal Subdivision Ward 18
New Construction No
Ownership Fee Simple
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 14.33
Property SubType Mixed Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Section 06
Sewer Public Sewer
Tax Year 2019
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning C-2

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 3488.00
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1170.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21223

Price
AVG $120K
$50K
Taxes
AVG $1,849
$2,692
Visits
AVG 33
31
Year Built
AVG 1926
1870
Walkscore
AVG 76
90
Data Provided by Walkscore ® not using MLS data

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