CHARIS REALTY GROUP

5319 EASTERN AVENUE 201

BALTIMORE, MD 21224

MLS#: MDBA2138528

$750,000

Status: Closed
Listing number: MDBA2138528
Listing provided by: A.J. Billig & Company
Listing agent phone: None
Last update: 1 year, 4 months ago
On site: 1 year, 7 months ago
Browse Properties
GREEKTOWN - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2008

Sq.Footage

N/A

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewer’s Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $750,000

  • Tax Amount

    $1,837

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    010A

  • Water Source

    Public

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Listing Courtesy of Charles N Billig , A.J. Billig & Company

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Agent Summer Burton

AGENT

Summer Burton

Call Summer today to schedule a private showing.

(443) 952-0034

summer@charisrealty.com


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REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 30, 2024. Live On Site Auction - Tuesday, October 1, 2024 at 11:00 AM. List price is opening bid only. $75,000 deposit in certified funds required in order to bid. Auction is for entire building - 7 Units total. 5319 Eastern Avenue comprises seven residential condominium units arranged predominantly as 2-bedroom and 1.5 bathroom units (six), with one 1-bedroom and 1.5 bath unit. The building is 100% occupied with $114,000 gross scheduled annual income at below market rental rates. Positioned opposite Johns Hopkins Bayview, near I-895 and I-95, and a short distance from the ports and Downtown Baltimore, making the location ideally situated for sourcing new tenants or reselling the units individually to owner-occupants as they go vacant. The project is also a few hundred feet from the brand-new Yard 56 development, providing a grocery store, gym and substantial amenities in the immediate area, in addition to those found all along Eastern Avenue, elsewhere in Greektown, Brewer’s Hill and Canton. The auction provides an opportunity to purchase an asset in a prime location, with substantial existing income, potential for increased rents, and several exit strategies.

5319 EASTERN AVENUE 201

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