52
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$600,000
Est. payment /mo
6,612 SqFt
Active
16-18 E PRESTON ST Baltimore, MD 21202
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,612 sqft
Price per Sqft $90
MLS Listing ID MDBA2160182
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,088
Tax Year 2024
Lot Size 3,600 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Property Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 3rd and ends Tuesday, April 8, 2025 at 12:30PM. Fully Leased 7 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City with 3 Car Garage. Approximately 6,612+/- sq. ft. of above grade living space. Current gross monthly scheduled rent of $13,086. Current gross annual scheduled rent of $157,032. Unit 16 - 3 Bedroom/3 Bath Rented for $2,399 + $90 Utility Reimbursement. Unit 18/1 - 1 Bedroom/1 Bath Rented for $1,299 + $30 Utility Reimbursement . Unit 18/2 - 1 Bedroom/1 Bath Rented for $1,549 + $30 Utility Reimbursement. Unit 18/3 - 1 Bedroom/1.5 Bath Rented for $1,649 + $30 Utility Reimbursement, $35 Pet Rent & $169 Parking Fee. Unit 18/4 - 2 Bedroom/2 Bath Rented for $1,849 + $60 Utility Reimbursement & $140 Pet Rent
Unit 18/5 - 2 Bedroom/2 Bath Rented for $1,899 + $60 Utility Reimbursement & $169 Parking Fee
Unit 18/6 - 1 Bedroom/1.5 Bath Rented for $1,599 + $30 Utility Reimbursement. Utilities: The units are individually metered for gas and electric. Key Items: - All units are central split gas furnace and condenser. All units replaced by prior ownership and current owner has replaced 1 gas furnace. It is likely the other furnaces and some a/c units are still under warranty. - Individual water heaters replaced as needed.
- Roof for 16 replaced in 2021 and 18 replaced in 2020 - All units has W/D. Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!
Unit 18/5 - 2 Bedroom/2 Bath Rented for $1,899 + $60 Utility Reimbursement & $169 Parking Fee
Unit 18/6 - 1 Bedroom/1.5 Bath Rented for $1,599 + $30 Utility Reimbursement. Utilities: The units are individually metered for gas and electric. Key Items: - All units are central split gas furnace and condenser. All units replaced by prior ownership and current owner has replaced 1 gas furnace. It is likely the other furnaces and some a/c units are still under warranty. - Individual water heaters replaced as needed.
- Roof for 16 replaced in 2021 and 18 replaced in 2020 - All units has W/D. Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0311010466 031
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.