"North Baltimore - Better Waverly"

MIXED-USE BUILDING
– Arranged for 4 Units –

Near Johns Hopkins University &
Union Memorial Hospital

Sale On Premises
519 GORSUCH AVENUE
a/k/a 517-519 Gorsuch Avenue
Near E. 33rd Street and Greenmount Avenue
Baltimore City, MD 21218

      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:
519 Gorsuch Avenue is located in North Baltimore in the Better Waverly neighborhood. Surrounding neighborhoods include Waverly, Abell, Oakenshawe, Harwood, Ednor Gardens-Lakeside and Charles Village. The property is located in a central corridor between Greenmount Avenue and Old York Road, immediately south of E. 33rd Street. The location is within a few blocks of both Union Memorial Hospital and Johns Hopkins University, and is surrounded by numerous businesses and services. The well-known Waverly Farmer’s Market is held approximately two blocks away. Greenmount Avenue/York Road provides excellent access to both Downtown Baltimore and Towson, and I-83 is in close proximity via the E. 29th Street, Falls Road and Cold Spring Lane on-ramps.

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

SITE:
Lot size – 0.043 acre, more or less

The lot fronts 19’8″ on Gorsuch Avenue

Formerly known as 517 & 519 Gorsuch Avenue

Rear vehicle accessible alley

Off-street parking (1-2 vehicles)

Zoning: C-1, Commercial. For more information, see the Baltimore City Zoning Code.

All public utilities

IMPROVEMENTS:
Two story inside-group storefront building with stucco and brick facade. The building was constructed in 1920 and contains 2,850 square feet of gross building area, according to public tax records. Building features include:

• New roof (2016)
• Upgraded 400 amp. electrical service
• Electric meter stack ready for 5 electric meters (one for each unit and public service)
• New 100 amp. electrical panels for each unit
• New wiring
• New plumbing
• New sewer line
• New vinyl-clad replacement windows

The building is arranged for 4 units, originally 3 residential and one office. Potential to be finished as 4 residential units. The residential units are each arranged for a living room, kitchen, bedroom and bath. The commercial unit is arranged for 2 rooms, kitchen, bath and storage. All units are gutted, framed (some new) with new sub-floor, wired, plumbed and ready to be finished. Being sold subject to Baltimore City Code Violation Notice and Order Number 1035400A.

Units are all vacant.

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

TAXES:
Published annual real estate taxes for Baltimore City are $1,185.50, based on a full value tax assessment of $50,233.

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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, 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 contract and assumed thereafter by the Purchaser. The property will be sold in “AS IS” condition, and subject to Baltimore City Code Violation Notice and Order Number 1035400A, any other housing code violations, environmental citations, 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence.

NO BUYER’S PREMIUM!