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GUIDED TOUR ON FRIDAY JUNE 24TH PROMPTLY AT 12:00PM! List price to be opening bid at online only auction. Bidding Begins Friday, June 24 @ 12:00 pm and ends on Wednesday, June 29th @ 12:00 pm. Fully Leased 6-unit garden style residential apartment building. All Units are separately metered for electric and gas. Each unit has its own gas forced air furnace and gas hot water heater. Parking available for tenants in the rear. Tenants pay their own utility bills for electric and gas. Please refer to the leases for full details. As of 6/1/2022 all tenants are current on rent. There has been no tenant turnover for nearly 3 years and no tenants have given notice they would like to leave. Unit 1: 2 Bedroom, 1 bath apartment currently rented for $1000/month. Tenant original move in date 03/2020. Last renewal date 04/2022. Lease ends 03/2023. Unit 2: 2 bedroom, 1 bath apartment currently rented for $850/month. Tenant move in date 03/2020. Leases ends 08/2022. Unit 3: 2 bedroom, 1 bath apartment currently rented for $810/month. (Full S8 voucher) Tenant move in date 1/2016. Unit 4: 2 bedroom, 1 bath apartment currently rented for $1,000/month. Tenant original move in date 03/2022. Last renewal date 04/2022. Month to month lease. Unit 5: 1 bedroom, 1 bath apartment currently rented for $999/month. Tenant move in date 01/2021. Unit 6: 1 bedroom, 1 bath apartment currently rented for $925/month. Tenant original move in date 09/2019. Last renewal date 06/2022. Lease ends 05/2023. Current gross monthly rent of $5,584. Current scheduled gross annual income of $67,008Current gross monthly rent of $5,584.Current scheduled gross annual income of $67,008. Features Include:- Large 1,000 +/- sq. ft. apartments- Balcony within each unit- Laundry in the building - Transportation right outside the front door- Brand new school built about 2 blocks away - ShopRite is about a block away- Easy access to all of the shops & retail of Liberty Heights Ave with historic charm- Large parking lot in the back- Coin operated Washer/Dryer in the basement- Basement zoned for 2 more large apartments Improvements: - Recently refinished roof- New windows- New water heaters- Mostly replaced heating units-Additional Information:- Managed by a well-known Property Management company - Up to date rental license and lead-inspections.

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Listed by Matthew S Cooper of Alex Cooper Auctioneers,Inc.

Listing Sold by Non Subscribing Office

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