14-16 E MADISON STREET

BALTIMORE , MD 21202

MLS#: MDBA2116172

$1,500,000

Status: Closed
Listing number: MDBA2116172
Listing provided by: Alex Cooper Auctioneers, Inc.
Listing agent phone: None
Last update: 10 months ago
On site: 1 year, 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1930

Sq.Footage

N/A

List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, March 23 & ends Thursday, March 28, 2024 at 1:00 pm. Multi-Family Apartment Complex in Historic "Mount Vernon" with Single Tenant Double Net Lease Structure. The building is configured for 20 total apartments but is currently leased by a recovery center who pays the entirety of the rent. The buildings are distinguished by their original architectural details, which include wood floors, plaster walls, wainscoting, millwork, fireplace mantles, and high ceilings. **Current Gross Monthly Scheduled Rent of $26,000** **Current Annual Gross Scheduled Rent of $312,000** 14 E. Maidson contains approximately 6,486SF of gross building area and has 11 units. 16 E. Madison contains contains approximately 6,642SF of gross building area and has 9 units. An annual 3% increase shall apply after the first 12 month period. The lease is a double net structure. 16 E. Madison Street has two rear parking spaces.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Heating YN

    YES

  • Heating

    Other

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Other

  • Parking

    On Street, Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.07

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,500,000

  • Tax Amount

    13863.0

  • 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

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Location

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BALTIMORE CITY

Elementary School

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Listing Courtesy of Matthew S Cooper , Alex Cooper Auctioneers, Inc.

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List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, March 23 & ends Thursday, March 28, 2024 at 1:00 pm. Multi-Family Apartment Complex in Historic "Mount Vernon" with Single Tenant Double Net Lease Structure. The building is configured for 20 total apartments but is currently leased by a recovery center who pays the entirety of the rent. The buildings are distinguished by their original architectural details, which include wood floors, plaster walls, wainscoting, millwork, fireplace mantles, and high ceilings. **Current Gross Monthly Scheduled Rent of $26,000** **Current Annual Gross Scheduled Rent of $312,000** 14 E. Maidson contains approximately 6,486SF of gross building area and has 11 units. 16 E. Madison contains contains approximately 6,642SF of gross building area and has 9 units. An annual 3% increase shall apply after the first 12 month period. The lease is a double net structure. 16 E. Madison Street has two rear parking spaces.

14-16 E MADISON STREET

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