List price to be opening bid. This is being offered in the same auction as 2101 Lovegrove St. Baltimore, MD 21218, see below for details. Online registration & bidding begins Saturday, August 7th and ends Thursday, August 12nd starting at 12:00pm. VALUE ADDED INVESTMENT: Below market rents. There are vacant units to be renovated/updated and leased. Current Gross Monthly Rent: $3,615. Gross Current Scheduled Annual Rent: $43,380. From Seller's Current & Previous Rents: Potential Monthly Rent: $6,815. Potential Annual Rent: $81,780. The same ownership since 1998. Property Has a Current Multi-Family Dwelling License. Property Description: Unit 1: Located on Lower level became vacant during Covid-19. It was previously a boutique retail store, with ample storage in the back and 2 half baths. It was previously rented for $1,200/monthly and the owner lowered it to $850/monthly to accommodate the tenant. Unit 2: Located on the main level currently occupied by a beauty supply store, with 1 1/2 baths. Rent for $1,415/monthly. Unit 3: Located on the main level and was previously used as office space. Unit is currently vacant. There are 4 separate rooms. FYI: it was last rented for $2,000/monthly, back in 2018. Unit 4: Located on the second floor, efficiency apartment currently rented for $650/monthly. Unit 5: Located on the second floor, 1 bedroom plus 1 bonus room, 1 bath apartment currently rented for $850/monthly. Tenant pays BGE. Unit 6: Located on the third floor, 1 bedroom plus 2 bonus rooms, 1 bath apartment currently rented for $700/monthly. Tenant pays BGE. There is another potential unit that can only be accessed from unit 4; there is a stairwell that leads to the upper top floor of the building with 6 rooms, and is in need of full renovation. Lower level has a separate unfinished space to the right of Unit 1, that can potentially be rented out too; with a 1/2 bath. All commercial units have front and backdoor entrances. All residential unit tenants have access to the fire escape. All units have A/C except for Unit 6. Owner pays BGE for 4 units and common area. Owner also pays taxes, insurance and water. Manner of offering: Auction Lot 1: 2107-2109 N. Charles St. Baltimore, MD 21218. Auction Lot 2: 2101 Lovegrove St. Baltimore, MD 21218. Auction Lot 3: Includes both 2107-2109 N. Charles St., & 2101 Lovegrove St., Baltimore, MD 21218.
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