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

February 29, 2024

Listed

June 11, 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 6/11/2024. 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.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 6/11/2024 at 3:31 PM UTC

Powered byLuxury Presence