305 S Marlyn Avenue, Essex, MD 21221

$275,000
3,641
SqFt
List Price
$275,000
Days on Market
13
Status
ACTIVE
MLS#
MDBC532510
Living Area
3,641
Lot Size (Acres)
5.87
Style
Traditional
County
Baltimore
School District
Baltimore County Public Schools

Property Description

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.

Additional Information

Subdivision
Essex
School District
Baltimore County Public Schools
Heating
Other
Heating Fuel
Other
Cooling
Other
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Alex Cooper Auctioneers, Inc..