4718 Liberty Heights

Baltimore, MD 21207

Guided Tour Monday, March 11th, Promptly at 11:00am. List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins on Thursday, March 7th, and ends on Tuesday, March 12, 2024 at 12:30pm. This is a great opportunity to purchase a fully leased Retail and Apartment Building in the "Howard Park" Neighborhood of Baltimore City. The property is well maintained and the residential units are lead free. Building: The building is improved by a 2 level building containing 8,432 +/- square feet of space currently configured as 6 residential units and 4 commercial units. The 4 commercial units are all located on the main level and have prime retail frontage. 3 of the residential units are located on the main level and 3 are located on the upper level. All residential units in the building have been recently renovated and completely updated (floors, paint, cabinets, etc.). The property is separately metered for electric. Each unit has its own electric hot water heater and electric heat pump system. 4 of the units have central A/C. Each unit has its own sub-panel for electric. Currently the landlord pays for water in the building. The root rubber roof was fully replaced in 2018+/-. The residential parts of the roof were replaced in August 2020 with lifetime architectural shingles. Gross Scheduled Monthly Income of $9,542. Gross Scheduled Annual Income of $114,504. Residential Unit Mix - Unit A: 2 bedrooms and 1 full bathroom - Unit B: 1 bedroom and 1 full bathroom - Unit C: 3 bedrooms and 1 full bathroom - Unit D: 2 bedrooms and 1 full bathroom - Unit E: 1 bedroom and 1 full bathroom - Unit F: 3 bedrooms and 1 full bathroom. Residential Units are Lead Free Site - 0.3 +/- acres - Zoned C-1 Neighborhood Business Zoning District - Public Water and Sewer - Electric Service - Rear parking lot with 6+ spots - Prime frontage on Liberty Heights Avenue. Location: 4718 - 4726 Liberty Heights has prominent frontage on the heavily traveled Liberty Heights Avenue (MD-26) and is surrounded by numerous stores, retail buildings, single-family homes, apartments, restaurants and office buildings; and access to transportation routes. The current management company is willing to manage the property for the new purchaser.

Listing courtesy of Alex Cooper Auctioneers, Inc. ?



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