3600 Garrison Boulevard Baltimore, MD 21215

Property Description

Stabilization Opportunity! Lead free 24 unit apartment building in the Dorchester neighborhood of Baltimore City.The building is currently master leased to a tenant who is not performing. Possession of the property will be the responsibility of the winning bidder.The owner has gone through the court process and was awarded a warrant of restitution on 4/3/2025 with the court saying possession is to be delivered within 60 days. There is a copy of the lease and warrant of restitution in the document section of the website.                Unit Breakdown: (24 Total Units)6 studios6 One Bedroom Units7 Two Bedrooms Units5 Three Bedroom UnitsAverage rents in the area:Studio - $9001 Bedoom - $1,1002 Bedroom - $1,4503 Bedroom - 1,650
Potential Gross Monthly Income based on numbers above $30,400Potential Gross Yearly Income based on numbers above $364,800*Numbers will vary depending on condition of units*
**Interior photos provided by seller**
Diligence Package: A copy of the purchase and sale agreement, lead certificate, rental license, lease with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Auction Only! Online Auction Only! Bidding begins Saturday, May 24th & ends Thursday, May 29th, 2025 at 2:00PM.
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.
To place your bid, please click this link:https://realestate.alexcooper.com/auction-property/1-AM3O4K/lead-free-24-unit-apartment-buildingin-the-dorchester-neighborhood-of-baltimore-city-potential-gross-annual-income-of-364-800