Property Description

List price to be opening bid. MULTI-FAMILY OPPORTUNITY! 841-847 Whitelock St., and 2305 Brookfield Ave., Baltimore, MD 21217. Recently Renovated 20-Unit Apartment Building in "Reservoir Hill" ** $298,260 Gross Scheduled Annual Rental Income ** LOCATION: Reservoir Hill in Baltimore City is an historic neighborhood below Druid Hill Park and Druid Lake. The urban neighborhood has some of the best examples of Victorian, Italianate and Second Empire style homes in Baltimore. The housing stock features a wide variety of nineteenth century architecture, including ornate Victorian mansions overlooking the Druid Hill Park, brownstones, and the smaller brick rowhouses that characterize much of Baltimore. Part of Reservoir Hill is an historic district listed on the National Register of Historic Places. SITE: The parcel is zoned R-7(Residential). According to the Baltimore City tax records the site comprises 9,135 sq. ft. or 0.21 acre. Neighborhood parks are located across the street. The site has frontages on Whitelock St. and Brookfield Ave. IMPROVEMENTS: The property is improved by three 4-level masonry buildings which contain approx. 15,000 +/- sq. ft. of above-grade building area according to the MD Dept of Assessment and Taxation. There is a shared courtyard behind the three buildings. The buildings have a limited lead free certificate. The residential units are all lead free and do not require inspections. The cornice on the top of the buildings has tested for lead and requires periodic inspections. In 2013-2014 the three buildings were completely gutted to the shell and rebuilt with all new finishes, fixtures, appliances, windows, kitchens, baths, plumbing, electrical, HVAC, etc. The unit mix is four 2-Bedroom, 2 Bath units, fourteen 2-Bedroom, 1 Bath units and two 1-Bedroom, 1 Bath Units. Of the twenty units, the building currently has one vacancy which is being prepared for rental. The units all have market tenants. Heat, hot water and appliances are electric. Each unit is separately metered with individual heat pumps, air conditioning, and standard size hot water heaters. Amenities include the following: Replacement windows throughout the building, Standard kitchens have quality cabinetry, granite countertops, stainless steel appliances including a side by side refrigerator/freezer, stove with cooktop, microwave and dishwasher. Each unit has a front loading stacked washer and dryer. Porcelain tile in the kitchen and baths. 3/4' oak wood flooring throughout. Security buzzer system at building's main entrance. Security buzzer system at building's main entrance .