Buy It Now: $125,000 - "Northeast Baltimore - Cedmont Neighborhood"

  Buy It Now: $125,000  

4 UNIT APARTMENT BUILDING

4415 POWELL AVENUE
Off Belair Road
Baltimore City, MD 21206

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
4415 Powell Avenue is located in the Cedmont neighborhood of northeast Baltimore City. Surrounding neighborhoods include Glenham-Belhar, Frankford and Overlea (both Baltimore City and Baltimore County). Cedmont runs along the southeast side of Belair Road, north of White Avenue/Hazelwood Avenue and bounded to the east by the Baltimore County line. Proximity to the Baltimore Beltway (I-695), I-95 and I-895 makes the location convenient for those commuting to or from the area. Shopping, dining and neighborhood services are along Belair Road.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/

SITE:
Lot size – 53′ x 295.9′, or 0.36 acre, more or less, according to public tax records. Actual square footage is estimated to be 15,000 square feet, or 0.344 acre, more or less.

Dimensions – 53′ x 295.74′ x 58.81′ x 270.26′

Front and rear yards

All public utilities

Zoning R-3, residential, registered for 4 dwelling units
For more information, see the: Baltimore City Zoning Code

IMPROVEMENTS:
Two and one-half story free-standing building – the building was constructed in 1900, contains 2,279 square feet of living area and 1,343 square feet of basement space according to public tax records. The building is arranged for four apartment units, each containing living room, kitchen, bedroom and bath. Each unit has a separate electrical meter. Currently there are two occupied and two vacant units. The two occupied units pay $600/month and $450/month.

MDE lead certificates:  Unit 1W,   2nd Floor,   3rd Floor

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease.

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are $4,189 based on a full value assessment of $177,500.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. All adjustments, including taxes, ground rent, rents, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.

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