Pending

$600,000

Calculate Payment

1611 Gwynns Falls Parkway
Baltimore, MD 21217

Apartment Building

Commercial

0.17

Acre Lot

Courtesy: Alex Cooper Auctioneers, Inc.

Description for 1611 Gwynns Falls Parkway Baltimore, MD 21217

> > >

Guided Tour on Friday, August 2nd beginning PROMPTLY at 12:00PM. List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, August 1st & ends Tuesday, August 6th, 2024 @ 1:00 PM. A great opportunity to purchase a 7,440+/- SF multifamily apartment building on a .17+/- Acre Lot. The buildings are configured with 14 residential 1 bedroom 1 bath apartment units and 3 garage spaces. The exterior of the buildings are brick and stucco. The property is zoned R-7. Location: The property is located along the south side of Auchentoroly Ter and north of Reisterstown Rd. It is conveniently located near Mondawmin Mall which gives easy access to shopping, restaurants and retail establishments. There are bus stops nearby. **Current Gross Monthly Rent of $2,515** **Current Gross Annual Rent of $30,180** Per the seller: **Potential Gross Monthly Rent of $17,100** **Potential Gross Annual Rent of $205,200** Currently 4 of the units are occupied, 10 vacant and the 3 garages are rented. Unit features: Each unit is separately metered for gas and electric and is self contained with it's own gas forced air furnace and water heater. The vast majority of the vacant units have been turned and most are tenant ready with some finishing touches.