3210-12 WALBROOK AVENUE, Baltimore, MD 21216

GUIDED TOUR FOR VACANT UNITS ON 10/23 PROMPTLY AT 12PM.
GUIDED TOUR FOR ENTIRE BUILDING ON 10/28 PROMPTLY AT 12PM.

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, October 25th & ends Wednesday, October 30th, 2024 at 12:00pm. An excellent opportunity to purchase a 29 unit apartment complex. The buildings are configured with 16 1BR/1BA units and 13 2BR/1BA units. The property is zoned R-7. 15 units are currently leased. 3210 Walbrook: Improved by a 12,480+/- SF apartment building on a 0.56+/- acre lot according to tax records.
3212 Walbrook: Improved by a 8,895+/- SF apartment building on a 0.20+/- acre lot according to tax records. Current rent roll is available in the document section. **Potential Gross Monthly Rent of $37,800** **Potential Gross Annual Rent of $453,600** Estimated market rents: 1BR/1BA: $1,200/month, 2BR/1BA: $1,400/month, 3BR/1BA: $1,500/month. Utilities: The units are individually metered for gas and eclectic. Electric service is between 100-125 AMPs per unit. Each unit has a gas water heater, which is in the lower level. The units are heated by gas forced air furnaces. Ammenities: The complex has a large laundry room. Location: The Walbrook Apartments are conveniently located in western Baltimore City, just one block from Leakin Park. Nearby amenities include Edgewood Elementary School, KASA Middle and High School, and the Walbrook Junction Shopping Center, all within a two-block walk. Coppin State University is a short three-minute drive east, and Mondawmin Mall is six minutes northeast. There are bus stops nearby.