325 Marlyn Avenue,
Essex, Maryland, 21221 United States

325 Marlyn Avenue
Essex, Maryland, 21221 United States

$450,000USD

Gallery

Photos and videos from 325 Marlyn Avenue

1 of 41
Reset Layout
325 Marlyn Avenue

About 325 Marlyn Avenue, Essex, Maryland

List price to be opening bid. Online registration & bidding begins Wednesday, June 23rd and ends Monday, June 28th at 12:00PM. Fully Leased Mixed-Use Building with 3 Commercial Units and 6 Residential Rental Units in the "Essex" Community of Baltimore County. Note: The adjoining 2 buildings located at 305A Marlyn Ave. will also be sold on Monday, June 28th at 1:00pm; which has 4 residential rental units on 5.87+/- acres. IMPROVEMENTS: There are 6 residential rental units with 4 located on the upper level and 2 on the lower level; there are 3 commercial units located on the main level. All units are rented and have separate electric and gas meters. There is parking in the front and left side of the building. Unit Rent & Description: Current Gross Monthly Rent: $9,780. Current Gross Scheduled Annual Rent: $117,360. All 6 residential units have 1 bedroom, 1 full bath, a living area and kitchen; with baseboard electric heat and a window A/C. The 4 upper level units have carpeted floors and tile in the kitchen. The 2 lower level units have all tile. Unit 325 A is on the upper level and currently rented for $950/monthly. Unit 325 B is on the upper level and currently rented for $1,050/monthly. Unit 329 A is on the upper level and currently rented for $900/monthly. Unit 329 B is on the upper level and currently rented for $1,000/monthly. Unit 329 C is on the lower level and currently rented for $1,050/monthly. Unit 331 D is on the lower level and currently rented for $900/monthly. There are 3 commercial units, all located in the front of the building on the street level. Each tenants pays BGE. 325 S. Marlyn Ave: 24/7 Supermart is currently paying rent of $1,900/monthly. 329 S. Marlyn Ave: N'Style Studio is currently paying rent of $1,030/monthly. 331 S. Marlyn Ave: 2 Brothers Barber Shop is currently paying rent of $1,000/monthly. SITE: 4356 sq. ft lot, Zoned DR 5.5 (Density Residential; 5.5 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.

Listing Courtesy of Alex Cooper Auctioneers, Inc.

Data provided by BRIGHT MLS

Marketed By

Maryland Brokerage

Schedule a Showing

Property ID:MDBC532334