235 W READ ST Baltimore, MD 21201

List price to be opening bid. Online auction to be conducted on Auctioneers website. Online only auction. Online registration and bidding begins Saturday, July 8th and ends Thursday, July 13th, 2023 at 12:00PM. Location Description: Mount Vernon cultural district is designated a National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!
Property Description: 3-Story, brick building with 2,070 +/- square feet of above grade area. The lot size is approximately 28' x 30'. Unit 1- Scheduled Monthly Rent: $1,999.10 • Retail unit occupied by Michelangelo's Pizzeria • Tenant pays 50% of Annual Real Estate Tax and Insurance for the entire building
• Tenant Pays Water & Sewer Bill for entire building except for a $100 annual credit from landlord • April of 2024 rent will increase to $2,039.08/month with annual increases of 2% thereafter • Lease Expires: March of 2028 • Tenant Move-in date: 2008 Unit 2 (2nd & 3rd Floor) - Scheduled Monthly Rent: $1,470. • 2 bedrooms, 2 full bathrooms • Two-level apartment unit • Laundry Room • Walk-in closet • Exposed brick • Full size eat-in kitchen with island. Current Gross Scheduled Monthly Base Rent: $3,469.10. Current Gross Scheduled Annual Base Rent: $41,629.20. Owners have confirmed that tenants are current on their base and additional rent obligations.