$ 750,000
3210-12 WALBROOK AVE Baltimore, MD 21216
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$ 750,000
Est. payment | /mo
12,480 SqFt
$ 750,000
Est. payment | /mo
12,480 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 12,480 sqft
Price per Sqft $60
MLS Listing ID MDBA2142224
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $10,735
Tax Year 2024
Property Description
GUIDED TOUR FOR VACANT UNITS ON 10/23 PROMPTLY AT 12PM.
GUIDED TOUR FOR ENTIRE BUILDING ON 10/28 PROMPTLY AT 12PM.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, October 25th & ends Wednesday, October 30th, 2024 at 12:00pm. An excellent opportunity to purchase a 29 unit apartment complex. The buildings are configured with 16 1BR/1BA units and 13 2BR/1BA units. The property is zoned R-7. 15 units are currently leased. 3210 Walbrook: Improved by a 12,480+/- SF apartment building on a 0.56+/- acre lot according to tax records.
3212 Walbrook: Improved by a 8,895+/- SF apartment building on a 0.20+/- acre lot according to tax records. Current rent roll is available in the document section. **Potential Gross Monthly Rent of $37,800** **Potential Gross Annual Rent of $453,600** Estimated market rents: 1BR/1BA: $1,200/month, 2BR/1BA: $1,400/month, 3BR/1BA: $1,500/month. Utilities: The units are individually metered for gas and eclectic. Electric service is between 100-125 AMPs per unit. Each unit has a gas water heater, which is in the lower level. The units are heated by gas forced air furnaces. Ammenities: The complex has a large laundry room. Location: The Walbrook Apartments are conveniently located in western Baltimore City, just one block from Leakin Park. Nearby amenities include Edgewood Elementary School, KASA Middle and High School, and the Walbrook Junction Shopping Center, all within a two-block walk. Coppin State University is a short three-minute drive east, and Mondawmin Mall is six minutes northeast. There are bus stops nearby.
GUIDED TOUR FOR ENTIRE BUILDING ON 10/28 PROMPTLY AT 12PM.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, October 25th & ends Wednesday, October 30th, 2024 at 12:00pm. An excellent opportunity to purchase a 29 unit apartment complex. The buildings are configured with 16 1BR/1BA units and 13 2BR/1BA units. The property is zoned R-7. 15 units are currently leased. 3210 Walbrook: Improved by a 12,480+/- SF apartment building on a 0.56+/- acre lot according to tax records.
3212 Walbrook: Improved by a 8,895+/- SF apartment building on a 0.20+/- acre lot according to tax records. Current rent roll is available in the document section. **Potential Gross Monthly Rent of $37,800** **Potential Gross Annual Rent of $453,600** Estimated market rents: 1BR/1BA: $1,200/month, 2BR/1BA: $1,400/month, 3BR/1BA: $1,500/month. Utilities: The units are individually metered for gas and eclectic. Electric service is between 100-125 AMPs per unit. Each unit has a gas water heater, which is in the lower level. The units are heated by gas forced air furnaces. Ammenities: The complex has a large laundry room. Location: The Walbrook Apartments are conveniently located in western Baltimore City, just one block from Leakin Park. Nearby amenities include Edgewood Elementary School, KASA Middle and High School, and the Walbrook Junction Shopping Center, all within a two-block walk. Coppin State University is a short three-minute drive east, and Mondawmin Mall is six minutes northeast. There are bus stops nearby.
Location
State MD
County Baltimore City
Zoning R-7
Interior
Hot Water Other
Heating Forced Air
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315293016 002A
Ownership Other
Special Listing Condition Auction
Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.