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List price to be opening bid. Online Auction Only! Bidding begins Sunday, June 13th & ends Friday, June 18th, 2021 at 1:00 PM. Tenant Occupied Stone Front Townhouse In the "Elwood Park" Neighborhood of Baltimore City with 2 bedrooms, 1 full bath, updated bathroom and lead free; the backyard has a concrete patio and fenced-in. Current gross monthly rent: $841. Current gross annual scheduled rent: $10,092. Section 8 Tenant. Section 8 pays $707/monthly. Tenant pays $134/monthly. Tenant pays BGE and water. Same tenant since 2018.Features: original solid hardwood floors on first floor were refinished, restored original stairs and handrails to upper level, carpet on upper level, replacement windows, vinyl flooring in kitchen and bathroom, updated GE electric hot water heater, updated Ducan gas forced hot air furnace and duct work, includes fridge, stove, washer and dryer, updated 100 amp Square D breaker panel, updated PVC drain line and Copper/PVC water lines. Per the seller: Tenant signed a new 2 year lease on 4/1/2021, good until 4/2023, and with auto 1 year renewal. The property passed the annual Section 8 inspection on 4/14/2021- Next Section 8 inspection in 2 years, around 4/23. A rent increase is possible after the CARES ACT expires- it is actually due 2 rents increases as they were frozen during cares act- I believe cares act expires in late JUNE 2021. Interior pictures courtesy of the seller.

Property Details of 503 N Rose St

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Listed by Larry E Cooper of Alex Cooper Auctioneers, Inc.

Listing Sold by Alex Cooper Auctioneers, Inc.

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