Pending
14-16 E Madison St
Baltimore MD, 21202
$1,500,000
$114.26 per sqft
Pending
13,128 sqft
Commercial
Built in 1930
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.
MDBA2116172
MLSⓇ ID
April 2, 2024
Updated
Map
14-16 E Madison St
Baltimore MD, 21202
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
0.07 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Baltimore City
Taxes
$13,863
Tax Frequency
Annually
Days on Market
34
Garage
No
Parking
On Street
Parking Total
2
View
No
County
BALTIMORE CITY
Water Source
Public
Pool
No
Buyer Agency Compensation
1%
Listing History
Date | Event | Price |
|---|---|---|
4/2/2024 | Pending | — |
Listed by Matthew S Cooper, with Alex Cooper Auctioneers, Inc.
Listing Contact: 4109774711
The IDX display contains information sourced from the Bright MLS, Inc. as of 4/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 4/2/2024 at 11:09 PM UTC
