24-Unit Multifamily Lead free property
Strategic Location Near Top Universities
Property Overview
Unit Breakdown: (24 Total Units)
6 studios
6 One Bedroom Units
7 Two Bedrooms Units
5 Three Bedroom Units
Average rents in the area:
Studio – $900
1 Bedoom – $1,100
2 Bedroom – $1,450
3 Bedroom – 1,650
Potential Gross Monthly Income based on numbers above $30,400
Potential Gross Yearly Income based on numbers above $364,800
*Numbers will vary depending on condition of units*
Stabilization Opportunity! Lead free 24 unit apartment building in the Dorchester neighborhood of Baltimore City.
The building is currently master leased to a tenant who is not performing. Possession of the property will be the responsibility of the winning bidder.
The owner has gone through the court process and was awarded a warrant of restitution on 4/3/2025 with the court saying possession is to be delivered within 60 days. There is a copy of the lease and warrant of restitution in the document section of the website.
Diligence Package: A copy of the purchase and sale agreement, lead certificate, rental license, lease with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Auction Only! Online Auction Only! Bidding begins Saturday, May 24th & ends Thursday, May 29th, 2025 at 2:00PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier’s Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.
- INVESTMENT HIGHLIGHTS -
-Exceptional location with easy access to amenities and public transport
-Recent Capital improvements done recently
-Value-add opportunity with potential to increase rental income by 50%
-Close to John Hopkins Universityand Loyola Universities, attracting tenants and ensuring rental demand
-Each unit has 2 bedrooms and in unit washer/dryer
-3 additional commercial spaces currently leased as doctor’s offices
-each unit at Beaumont either has laundry or has a washer and dryer hookup.
- Photo Gallery -
**Interior photos provided by seller**
