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List price to be opening bid. Online Auction Only! Bidding begins Friday, July 23rd & ends Wednesday, July 28, 2021 at 11:00am. Beautifully Updated and Modernized 4 Unit Mixed Use Building in the "Belair Edison" Neighborhood of Baltimore City, **Potential Annual Rent $53,700** The property is improved by an Updated and Modernized 5,742 +/- sq. ft. building containing 2 commercial and two residential units. The commercial units are currently occupied by 2 churches who have been tenants for two years. Current Gross Monthly Rent: $2,275. Current Gross Annual Scheduled Rent: $27,300. Potential Gross Monthly Rent: $4,475. Potential Gross Annual Scheduled Rent: $53,700. The lower level is currently rented by a Church for $900/month. The Main level is currently rented by a Church for $1,375/month. The Upper levels have 2 vacant modernized apartment units in move-in condition. One is a 3 bedroom, 1 bath unit and the other is a 2 bedroom, 1 bath unit. The fair economic rent for the 3 bedroom unit is 1,200/monthly and the 2 bedroom unit is $1,000/monthly. Tenants pay all utilities except cold water. Zoned C-1, Commercial. Lot Size: 3,978 sq. ft or 0.09 acre. Corner lot with 28' frontage on Belair Road and 116' frontage on Lake Ave.

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Listed by Paul R Cooper of Alex Cooper Auctioneers,Inc.

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