Real Estate Auction - Thursday, November 20, 2025 at 12 noon. List price is opening bid. Featuring Live & Simulcast Online Bidding $400,000 Opening Bid RESERVOIR HILL 6-UNIT BRICK APARTMENT BUILDING Two Bedroom Units Value Add Opportunity 100% Occupied $68,400 Gross Annual Income Known As 901 CHAUNCEY AVENUE Off Linden Avenue Baltimore, MD 21217 Online Bidding Opens TUESDAY, NOVEMBER 18, 2025 Live Onsite Auction THURSDAY, NOVEMBER 20, 2025 AT 12:00 P.M. NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property. GENERAL INFORMATION: Fully leased six unit apartment building. Each unit is two bedrooms and one bathroom with large kitchens, living area, and in-unit washer and dryer. All apartments have separate electric meters, lead certificates and rental registrations. Located in Reservoir Hill, the building is proximate to Druid Hill Park, University of Baltimore and MICA. Commuting is easy with close proximity to I-83 and other major commuting routes. Major capital investments are being made in the surrounding area including several residential and mixed use developments and state employment centers. The live auction will begin at the time state above with on-site registration and deposit verification beginning at 11A.M. Pre-registration is available online. Online bidding will be open on Tuesday, November 18 at midnight. Online bidders must provide deposits in advance pursuant to the terms stated below. LOCATION: The building is located in the Reservoir Hill neighborhood of Baltimore City. The historic community is famous for its architectural diversity displayed in its late 19th and early 20th century stand-alone mansions and porch-front townhomes. Druid Hill Park is one block north of the building and offers its residents long walking and bike trails, a pool, basketball and tennis courts, the Rawlings Conservatory and the Maryland Zoo. The area has been the center of a recent $100 million mixed-use community development project known as Madison Park North. The new community will feature 120 new townhomes, 200 apartments, approximately 100,000 SF of office space, community improvements and more. German Park is on the adjacent corner and a vacant City owned lot is directly next door to the property. Commuters have convenient access to major thoroughfares, including I-83 for north/south travel and North Avenue for east/west travel. Major employers in the area include the University of Baltimore, Maryland Institute College of Art (MICA), and the University of Maryland Baltimore. LiveBaltimore neighborhood profile: Reservoir Hill – livebaltimore.com Reservoir Hill Improvement Council: https://www.reservoirhillbaltimore.org/ Articles: Reservoir Square Announced… – mcbrealestate.com ‘Magical spot’: Ground broken in Reservoir Hill – baltimorefishbowl.com SITE: Lot size is believed to be 0.13 acre, more or less. Plat Fronts 62’2? on Chauncey Avenue with depths of 123' and 98’6? Mature landscaping Alley access in rear and side of the building Next to a flat grassy lot owned by Baltimore City All public utilities Zoning R-7, approved for 6 dwelling units IMPROVEMENTS: Stately three story brick apartment building, constructed in 1914, containing 7,014 square feet of living area and 2,338 square feet of basement space, according to public tax records. The building is arranged for six 2 bedroom and 1 bathroom units. Features include an intercom doorbell system, separate electric meters for each unit, entry foyer with mailboxes and convenient rooftop access. The building has been self-managed for over 25 years with few vacancies during the ownership period. Predominantly long terms tenants. All leases renewing on year-to-year terms. EXTERIOR: Brick facade with decorative trim Flat roof with silver coat done within the last 6 years Vinyl replacement windows with new trim and flashing installed in 2021 Concrete front and rear porches Two bay windows per apartment Aluminum gutters Steel fire escape INTERIOR: All units include the following: Living room – hardwood flooring with ceiling fan Large kitchen – hardwood flooring, French door entrance to living room, wood cabinets, electric range and oven, laminate counter top, ceiling fan, dining space Bedroom – hardwood flooring with ceiling fan and closet space Bedroom – hardwood flooring with ceiling fan and closet space Bathroom – tile flooring with shower and tub Central radiator heat (controlled by building owner) In-unit washer and dryer In-Unit Mechanicals: 100 AMP electrical panel 37 gallon electric water heater Basement: Unfinished with concrete flooring Gas steam boiler for all units 100 AMP common area electric service 7 electric meters for each apartment and common areas Current Rent Roll: 901 Chauncey Avenue Total Monthly Rent Total Annual Unit 1A $1,000 $12,000 Unit 1B $800 $9,600 Unit 2A $900 $10,800 Unit 2B $900 $10,800 Unit 3A $1,100 $13,200 Unit 3B $1,000 $12,000 Total $5,700 $68,400 TITLE: In fee simple; Sold free and clear of all liens. Baltimore City Deed Book Liber FMC 9082, folio 256 Note: All adjustments made as of date of settlement. With all prior municipal charges paid by the seller. Water bill is reflective of multiple billing periods and a prior leak that has been fixed. TAXES: Published annual real estate taxes are $11,314.18 based on a full value assessment of $503,300 ADDITIONAL INFORMATION: Please complete the Waiver and Confidentiality agreement to receive: – Leases – Rent roll and proforma – Lead paint registrations – Rental registrations SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $50,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Friday, November 21, 2025 at the Auctioneer’s office (wire or cashier’s check). Online Auction Bidders – a $50,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take