"Coldstream-Homestead-Montebello"

This auction has been CANCELED.

REAL ESTATE AUCTION

Two Story End-of-Group
MIXED-USE BUILDING
– 2 Dwelling Units, 2 Storefronts –

Sale On Premises
2510 ROBB STREET
Baltimore City, MD 21218

– CANCELED –
THURSDAY, AUGUST 17, 2017
AT 11:45 A.M.

– Suggested Opening Bid: $35,000 –

      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:
2510 Robb Street is located in the Coldstream Homestead Montebello neighborhood in northeast Baltimore City. Johns Hopkins University and Morgan State University are each approximately 2 miles away and Clifton Park is located within walking distance. Various commercial buildings sit two blocks to the west. Public transportation is available on Harford Road. Nearby properties are comprised predominantly of brick townhomes.

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/coldstream-homestead-montebello/

SITE:
Rectangular lot 16′ x 75′, more or less

Street parking

Zoning R-6, 2 dwelling units

All public utilities

IMPROVEMENTS:
Two story brick end-of-group mixed-use building with covered front porch. According to public tax records, the home was constructed in 1920. The building is arranged for two apartments, deli/convenience store and storefront. Current gross monthly rent is $1,680. Features include vinyl replacement windows, gas boiler, 40 gallon gas water heater, four gas and electric meters. The building is arranged as follows:

Lower Unit

• Living room
• Kitchen
• Bedroom
• Bath
• Currently rented for $780/mo.

Upper Unit

• Living room – wood floor
• Kitchen – laminate tile floor
• Bedroom – wood floor
• Bath – laminate tile floor
• Currently rented for $650/mo.

Former Deli

• Open deli/customer service area
• Storage room
• Half bath
• Gas boiler
• 40 gallon gas water heater
• Formerly rented for $850/mo.

Former Barber Shop

• Arranged for 3 rooms and a half bath
• Currently rented for $250/mo.

Lead Certificates

LEASES
For a copy of the leases, please fill out a Waiver and Confidentiality Agreement, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive the confidential information via email. Requests are normally answered Monday-Friday 9 am-4 pm.

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

TAXES:
Published annual real estate taxes are $715.86.

TERMS OF SALE:
A $5,000 deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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, rents, ground rent, 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.

NO BUYER’S PREMIUM!