LIST PRICEIS OPENING BID FOR ONLINE AUCTION ENDING ON OCTOBER 24TH @ 12:00 PM Exceptional opportunity to purchase an apartment complex comprised of five buildings totaling 50 units. The complex is conveniently located near the intersection of W. Northern Parkway and Reisterstown Road in the "Glen" Community of Baltimore City. Hilltop Gardens Apartments is a garden style apartment community with ample on-site parking and on-site laundry facilities. The complex is MDE Certified Limited Lead-Free. Gross Scheduled Monthly Rent = $47,071 Gross Scheduled Annual Rent = $564,852 Gross Potential Monthly Rent = $66,800** Gross Potential Annual Rent = $801,600** ** = Based on Full Occupancy The unit mix consists of: • 16 - One-bedroom units with 583 +/- sq. ft. of living space • 34 - Two-bedroom units with 883 +/- sq. ft. of living space The complex's occupancy rate is currently 82%. Typical finishes include carpet and tile floors for the basement units and wood and tile floors for the above grade units; drywall walls and ceilings; some ceiling fans. The units are self-contained with gas fired forced air heating systems, central air conditioning systems and gas fired hot water heaters. The units are separately metered for gas and electric, which is paid by the respective tenant(s). Most tenants also pay the landlord a flat fee for water as "extra rent.". The landlord pays for common area lighting (public service meter) and cold water. Recent Improvements: HVAC Replacements Plumbing Upgrades Electric/Break Upgrades Masonry Improvements Landscaping Common Area Lighting Applicance Replacements Turnover Improvements for Vacant Units Of note, according to the owner, the property has a MEEHA grant. The grant will cover the costs for a number of capital improvement items. To qualify, 20% of the units must be at 80% AMI. (See in Document Section) Diligence Package: A copy of the rent roll, lead certificate, MFD Licenses and purchase and sale agreement with 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, Octoberr 24th and ends Wednesday, October 29th, 2025 at 12:00 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. 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.