20 E Read St Baltimore, MD 21202

List price to be opening bid. Online only auction. Online registration & bidding begins Thursday, June 17th and ends Tuesday, June 22nd at 12:00PM. Fully Leased 6 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City **Current Gross Scheduled Annual Rent Of $90,300** Exceptional opportunity to purchase a renovated and very well-maintained end of group 6-unit apartment building conveniently located in the heart of the "Mt. Vernon" community of Baltimore City. 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! SITE: 2,342 +/- sq. ft. parcel zoned OR-2 (Office Residential). According to Baltimore City tax records the site dimensions are 20.8' X 114' +/-. IMPROVEMENTS: The property is improved by a 3-story plus basement masonry building which contains 6,426 +/- sq. ft. of above-grade building area. There is also a finished lower level with additional square footage containing 2 units. The building contains 6 units and has had significant renovations. The renovations included: Replacement electric (All Romex electrical wire and Square D breakers), Replacement plumbing, Many replacement appliances, Many units have new kitchens and bathrooms, Extensive common area improvements, All light fixtures throughout building are LED, All heat and hot water heaters have been changed to be electric. Typical finishes for the units include stainless steel and white appliances, dishwashers, electric ranges and granite or formica counters in the kitchens. The units also have wood, laminate and ceramic tile floors along with drywall and exposed brick walls. Many units have a washer and dryer. Units 3 and 2 each have their own electric meter and 200 amp service. The remaining 4 units have one electric meter and hot water heater that landlord pays for. Unit Rent & Description: Current Gross Monthly Rent: $7,525. Current Gross Scheduled Annual Rent: $90,300. Unit 1A is an efficiency unit located on the front of the main level and currently rented for $850 (Tenant pays approximately $50 a month in addition to rent for electric and water). Unit 1B is a 2 bedroom, 2 bath unit located on the rear of the main level and currently rented for $1,300/month. Unit 2 is a 3 bedroom 3 full bath unit with eat-in kitchen located on the second level and currently rented for $1,800/month. Unit 3 is a 3 bedroom, 3 bath unit with eat-in kitchen located on the third level and currently rented for $1,800/month. Unit BA: Currently rented for $850/month. Unit BB: Currently rented for $925/month.