325-331 S. Marlyn Avenue,
Essex, Maryland, 21221 Verenigde Staten

325-331 S. Marlyn Avenue
Essex, Maryland, 21221 Verenigde Staten

$450,000USD
  • Contract in behandeling
  • .1 Landerijen
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325-331 S. Marlyn Avenue

Over 325-331 S. Marlyn Avenue, Essex, Maryland

List price to be opening bid. Online registration & bidding begins Sunday, July 4th and ends Friday, July 9th at 12:30PM. Fully Leased Mixed-Use Building with 3 Commercial Units and 6 Residential Rental Units in the "Essex" Community of Baltimore County. NOTE: Guided Tour By Appointment Only: Thursday, June, 24th at 11:00am. Email larry@alexcooper.com or call 410-977-4708 to register. 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: $9,730. Current Gross Scheduled Annual Rent: $116,760 (The above figures are the totals from the leases and information from the seller). 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, per the seller. Unit 325 B is on the upper level and currently rented for $900/monthly, per the lease. Unit 329 A is on the upper level and currently rented for $1,000/monthly, per the lease. Unit 329 B is on the upper level and currently rented for $1,000/monthly, per the lease. Unit 329 C is on the lower level and currently rented for $1,050/monthly, per the seller. Unit 331 D is on the lower level and currently rented for $900/monthly, per the seller. There are 3 commercial units, all located in the front of the building on the street level. Each tenant pays BGE. 325 S. Marlyn Ave: 24/7 Supermart is currently paying rent of $1,900/monthly, per the lease. 329 S. Marlyn Ave: N'Style Studio is currently paying rent of $1,030/monthly, per the seller. 331 S. Marlyn Ave: 2 Brothers Barber Shop is currently paying rent of $1,000/monthly, per the lease.We have leases for the 331 Maryln Ave., 325-327 Marlyn Ave. and 3 residential leases. We do not have copies of the leases for 329 Marlyn Ave. and 3 residential units (monthly lease amount is per the seller). We have copies of 5 lead certificates. We do not have a copy of the lead cert for 1 unit. According to the Baltimore County website, 4 out of 6 residential units are registered with rental licenses. 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

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Maryland Brokerage

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ID van het object:MDBC532334

Verenigde StatenMarylandEssex325-331 S. Marlyn Avenue