110 N STRICKER ST Baltimore, MD 21223

List price to be opening bid at online only auction. Bidding begins Thursday, April 13th & Ends Tuesday, April 18, 2023 @ 11:30 AM. GUIDED TOUR ON MONDAY, APRIL 17TH PROMPTLY AT 10:00AM EDT.
This is a great opportunity to purchase a fully leased Multifamily Townhouse with 3 apartment units, all with section 8 tenants. The property has 4 levels; Unit 1 is on the main level, Unit 2 is on upper level 1 and Unit 3 is on upper level 2. The owner did a renovation to make the property fully Lead Free. Current gross monthly rent of $3,333. Current gross annual rent of $39,996. Per the seller: the tenants are all current on their rent payments. Owner pays BGE and water. Unit 1: 2 bedroom, a living area, kitchen and 1 bath. Currently rented for $1,208/monthly. Per the Hap Contract: PHA pays $1,183 to owner & Tenant pays $25 to owner. Unit 2: 2 bedrooms, kitchen and 1 bath. Currently rented for $1,225/monthly. Per the Hap Contract: PHA pays $1,001 to owner & Tenant pays $224 to owner. Unit 3: 1 bedroom, kitchen and 1 bath. Currently rented for $900/monthly. Per the Hap Contract: PHA pays $677 to owner & Tenant pays $223 to owner. The lower level is unfinished and vacant; and includes plenty of storage area, a furnace, 2 electric water heaters, 3 gas meters and an electric panel. It is accessible from unit 1. Please note: Lead Certificate is for all 3 units. Location: The property is located near Union Square Park, Franklin Square Park, Carroll Park, The University of Maryland Medical Center, Edgar Allan Poe House & Museum, M&T Bank Ravens Stadium, Oriole Park at Camden Yards, Downtown Baltimore and more. It has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes.