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Walbrook Apartments 3210-3212 Walbrook Ave

29 Unit Apartment Building $1,066,597 CAD ($36,779 CAD/Unit) Baltimore, MD 21216

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Executive Summary

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.
Diligence Package: A copy of the purchase and sale agreement and assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Friday, October 25th & ends Wednesday, October 30th, 2024 at 12:00pm.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

Property Facts Under Contract

Price	$1,066,597 CAD	Building Class	C
Price Per Unit	$36,779 CAD	Lot Size	0.56 AC
Sale Type	Investment	Building Size	23,928 SF
No. Units	29	Average Occupancy	100%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment	Year Built	1926
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,066,597 CAD
Price Per Unit	$36,779 CAD
Sale Type	Investment
No. Units	29
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.56 AC
Building Size	23,928 SF
Average Occupancy	100%
No. Stories	3
Year Built	1926
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.