Tina Poss
Office: 301.698.3232
Cell: 301.514.4233
14-16 E Madison St, BALTIMORE
$1,500,000
0 Beds
0 Baths
13,128 Sqft
.07 Acres
0 Garages
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.
Essential Information
MLS® #MDBA2116172
Price$1,500,000
Bathrooms0.00
Square Footage13,128
Acres0.07
Year Built1930
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusPending
Community Information
Address14-16 E Madison St
CityBALTIMORE
CountyBALTIMORE CITY-MD
StateMD
MunicipalityBaltimore City
Zip Code21202
Interior
HeatingOther
CoolingOther
Exterior
ExteriorBrick and Siding
School Information
DistrictBALTIMORE CITY PUBLIC SCHOOLS
Additional Information
ZoningOR-2
Listing Details
OfficeAlex Cooper Auctioneers, Inc.
Property History
Status Changed from Active to Pending
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Listing information last updated on May 4th, 2024 at 8:15pm EDT.
