List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, May 31st & ends Thursday, June 5, 2025 at 2:15PM. Fully Leased 7 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City with 2 Car Garage **Potential Gross Annual Scheduled Rent of $109,824** Fully Leased 7 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City with 2 Car Garage. Approximately 5,904+/- sq. ft. of above grade living space and 1,968+/- sq. ft. below grade living space. Current gross monthly scheduled rent of $7,564 Current gross annual scheduled rent of $90,768 Potential gross monthly scheduled rent of $9,152 Potential gross annual scheduled rent of $109,824 Unit B - 0 Bedroom/1 Bath Rented for $999 + $30 Utility Reimbursement Unit 1F - 0 Bedroom/1 Bath Rented for $1,149 + $30 Utility Reimbursement & $169 Parking Unit 1R - 2 Bedroom/1 Bath Rented for $1,549 + $60 Utility Reimbursement Unit 2F - 0 Bedroom/1 Bath Vacant - New Lease Starts 5/1/25 for $1,149 + $30 Utility Reimbursement & $35 Pet Rent Unit 2R - 1 Bedroom/1 Bath Rented for $1,449 + $30 Utility Reimbursement Unit 3F - 0 Bedroom/1 Bath Rented for $1,149 + $30 Utility Reimbursement Unit 3R - 1 Bedroom/1 Bath Rented for $1,299 + $30 Utility Reimbursement Utilities: The units are individually metered for gas and electric. Key Items: - Unit 1R has a central heat pump HVAC system, Unit 2R has a conventional minisplit system, both are under warranty. - Gas fired central water heater replaced in 2018 - Roof replaced by prior ownership - 2 units has W/D and there is laundry in the basement for other units Expenses: Property taxes: July1, 2025-June 30, 2026: $12,805 Special Benefit District Surcharge July 1, 2025-June 30, 2026 $716 Water Per Historical Figures: $2,532 Electric/Gas Per Historical Figures: $984 Licenses: Est. $50/Unit, total of approximately $350 Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more! Diligence Package: A copy of the leases, lead certificates, multi-family dwelling license, purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Saturday, May 31st & ends Thursday, June 5, 2025 at 2:15PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.