1611 Gwynns Falls Pky - Apartments FOR SALE


Baltimore, MD 21217- Woodbrook
$600,000 USD
410-977-4711
1611 Gwynns Falls Pky, Baltimore, MD for Sale
$600,000 USD
Apartments - FOR SALE
1/69
null | Request Cap Rate

1611 Gwynns Falls Pky
Baltimore, MD 21217
Woodbrook


OVERVIEW

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, September 5, 2025 & ends Wednesday, September 10, 2025 @ 1:00 PM. 14-Unit Multi-Family Apartment Building in the "Auchentoroly-Parkwood" Neighborhood of Baltimore City **Potential Gross Annual Rent of $205,200** 1611-1613 Gwynns Falls Parkway Baltimore, MD 21217 A great opportunity to purchase a 7,440+/- SF multifamily apartment building on a .17+/- Acre Lot. The buildings are configured with 14 residential 1 bedroom 1 bath apartment units and 3 garage spaces. The exterior of the buildings are brick and stucco. The property is zoned R-7. Location: The property is located along the south side of Auchentoroly Ter and north of Reisterstown Rd. It is conveniently located near Mondawmin Mall which gives easy access to shopping, restaurants and retail establishments. There are bus stops nearby. **Current Gross Monthly Rent of $4,475** **Current Gross Annual Rent of $53,700** Per the seller: **Potential Gross Monthly Rent of $17,100** **Potential Gross Annual Rent of $205,200** 1611 B: Vacant (1BR/1BA) 1611 1E Vacant (1BR/1BA) 1611 1W Vacant (1BR/1BA) 1611 2E Vacant (1BR/1BA) 1611 2W Vacant (1BR/1BA) 1611 3E Vacant (1BR/1BA) 1611 3W Vacant (1BR/1BA) 1613 B: Vacant (1BR/1BA) 1613 1E Vacant (1BR/1BA) 1613 1W Rented for $1,350/month (1BR/1BA) 1613 2E Rented for $1,775/month (1BR/1BA) 1613 2W Vacant (1BR/1BA) 1613 3E Vacant (1BR/1BA) 1613 3W Rented for $1,350/month (1BR/1BA) Garage A Vacant Garage B Vacant Garage C Vacant Unit features: Each unit is separately metered for gas and electric and is self contained with it's own gas forced air furnace and water heater. The vast majority of the vacant units have been turned and most are tenant ready with some finishing touches. Diligence Package: Copy of the purchase and sale agreement, rental license, leases, lead certificates and assorted addenda are located in the documents section. 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 Friday, September 5, 2025 & ends Wednesday, September 10, 2025 @ 1:00 PM. 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. The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

14

PRICE/UNIT

$42,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

3235-019

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.