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$ 750,000

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Pending

5319 EASTERN AVE Baltimore, MD 21224

884 SqFt

UPDATED:

10/10/2024 01:09 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 884 sqft

Price per Sqft $848

Subdivision Greektown

MLS Listing ID MDBA2138614

Style Other

Abv Grd Liv Area 884

Originating Board BRIGHT

Year Built 2008

Annual Tax Amount $1,842

Tax Year 2024

Lot Size 884 Sqft

Acres 0.02

Property Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewer?s Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Other

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Other

Exterior

Exterior Feature Balcony

Garage Spaces 8.0

Waterfront N

Water Access N

Accessibility None

Porch Balcony

Parking Type Parking Lot

Total Parking Spaces 8

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0326016629C010C

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

Listed by Charles N Billig • A.J. Billig & Company

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5319 EASTERN AVE Baltimore, MD 21224

Key Details

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Interior

Exterior

Building

Schools

Others

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5319 EASTERN AVE