MD > Baltimore > Greektown
Baltimore, MD 21224,5319 EASTERN AVE #201
Baltimore, MD 21224,5319 EASTERN AVE #201
Baltimore, MD 21224,5319 EASTERN AVE #201
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$750,000
Est. payment /mo
882 SqFt
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UPDATED:

10/10/2024 01:09 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 882 sqft

Price per Sqft $850

Subdivision Greektown

MLS Listing ID MDBA2138528

Originating Board BRIGHT

Year Built 2008

Annual Tax Amount $1,837

Tax Year 2024

Lot Size 882 Sqft

Acres 0.02

Property Description

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.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Other

Heating Forced Air

Cooling Central A/C

Heat Source Other

Exterior

Garage Spaces 8.0

Water Access N

Accessibility None

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0326016629C010A

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

Read Less Info
Bright MLS (BMLS)
Listed by Charles N Billig • A.J. Billig & Company
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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5319 EASTERN AVE #201

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