List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, February 22nd & ends Tuesday, February 27, 2024 at 11:30am. Well maintained brick front Triplex in the "Reservoir Hill" Neighborhood of Baltimore City, with three long term tenants; 2 of the tenants are receiving rental assistance. Each unit is separately metered and includes forced hot air heat, A/C and electric hot water heaters. Current gross monthly rent of $3,055. Unit 1: 2 bedrooms, 1 bath unit currently rented for $1,360/monthly. • Per the seller: Community Housing Associates pays the monthly rent for the current occupant. Unit 2: 2 bedrooms, 1 bath unit currently rented for $1,045/monthly.
• Tenant pays $198/monthly, and receives rent assistance from Project Plase, for $847/monthly. Unit 3: Studio apartment with 1 bath currently rented for $650/monthly. A new development called Reservoir Square is currently under construction. Our property up for auction is in very close proximity to this project.