List price to be opening bid for online auction. Online registration & bidding begins Wednesday, June 23rd and ends Monday, June 28th at 1:00PM. Fully Leased Buildings with 4 Residential Rental Units in the "Essex" Community of Baltimore County. The adjoining mixed-use building located at 325 Marlyn Ave. will also be sold on Monday, June 28th at 12:00pm; which has 6 residential rental units and 3 commercial tenants. SITE: 5.87+/- acres Zoned DR 5.5 (Density Residential; 5.5 Units/Acre), RO (Residential Office) and DR 16 (Density Residential; 16 Units/Acre). LOCATION: Essex is located in Baltimore County. There are waterways surrounding part of Essex, including Back River, Middle River, Hawk Cover and Gunpowder River; and there are a good number of marinas in the community. Essex has a number of public parks and plenty of restaurants and shopping nearby. IMPROVEMENTS: there are 4 residential rental units within 2 buildings. One building includes units A, B & C. The other smaller building includes unit D/E. There is 3,641+/- sq. ft. of living area. All units are rented and have separate electric and gas meters. There is plenty of parking available. Unit Rent & Description: Current Gross Monthly Rent: $4,600. Current Gross Scheduled Annual Rent: $55,200. Unit A is a 2 bedroom, 1 full bath unit with a dining room, living area, kitchen, and currently rented for $1,100/monthly. Unit B is a 3 bedroom (2 bedrooms are on the upper level), 1 full bath unit with a living area, kitchen, and currently rented for $1,200/monthly. Unit C is a 1 bedroom, 1 full bath unit with a living area, kitchen and currently rented for $1,100/monthly. Unit D/E is in a separate building (we were not able to enter the property for pictures and a description. Has a fenced-in backyard, and rented for $1,050/monthly. 4 parking spaces are rented for $150/monthly.
Listing courtesy of Alex Cooper Auctioneers, Inc..