List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, June 5th, 2025 & ends Tuesday, June 10, 2025 at 1:00 PM. Fully Leased 6 Unit Multifamily Property in the "Glen" Neighborhood of Baltimore City**Current Gross Annual Scheduled Rent: $66,900** 5801-5803 Narcissus Ave. Baltimore, MD 21215 Property Overview: This Six-unit multifamily property is situated in the "Glen" neighborhood of Baltimore City. Each unit is separately metered for electric service ensuring efficient utility management for landlords. Tenants enjoy in-unit washers and dryers, private balconies, and a central HVAC system (Heat pump). All units having systems less than 10 years old—providing year-round comfort and reduced maintenance costs. The property also features front and rear yard space—an uncommon amenity in urban settings. **Current Gross Monthly Scheduled Rent: $5,575** **Current Gross Annual Scheduled Rent: $66,900** Unit 1 rented for $950/month. Unit 2 rented for $925/month. Unit 3 rented for $925/month. Unit 4 rented for $950/month. Unit 5 rented for $875/month. Unit 6 rented for $950/month. All units are 1BR/1BA. Financial Highlights: An additional storage unit in the rear presents an opportunity for supplemental income The property is professionally managed with an 8% fee, supporting smooth, cost-efficient operations. The new owner can continue the management agreement or take over with alternative arrangement of their choice. Location Highlights: Centrally located with excellent access to Reisterstown Road and I-83, the property offers convenient commuting to nearby employment centers and downtown Baltimore. Public transit is easily accessible via the Reisterstown Plaza Metro Station, just minutes away. For daily needs, residents are close to Reisterstown Road Plaza (0.6 miles) and Northwest Plaza (1 mile), featuring retailers such as The Home Depot and ShopRite. The property is also near prominent educational institutions—Baltimore City Community College (1.5 miles) and Coppin State University (2.8 miles)—as well as Sinai Hospital (1.7 miles) for healthcare services. Investment Summary: This asset offers a compelling investment opportunity, combining steady income potential, operational efficiency, and strong tenant demand in a growing rental market. Diligence Package: A copy of the 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 Thursday, June 5th, 2025 & ends Tuesday, June 10, 2025 at 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.