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List price to be opening bid. Open House/Guided Tour to take place on Friday, October 8th PROMPTLY at 12PM. Online registration & bidding opens on Saturday October, 09 at 1pm EDT and ends Thursday October, 14 at 1pm EDT. Fully Leased Mixed Use Building with 2 Commercial Units and 2 Residential Units in the "Seton Hill" Neighborhood *$33,048 Gross Annual Income* IMPROVEMENTS: 3-story 3,990 +/- sq. ft. building configured as two residential units on the 2nd and 3rd levels and two commercial units on the 1st level. The building has prime retail frontage on the corner of Pennsylvania Avenue and Route 40. All units are rented and have their own separate electric meters. Each unit has its own central HVAC unit with heat pump and an electric hot water. The residential units have been designated limited lead free. Unit Rent & Description: Current Gross Monthly Rent: $2,745. Gross Annual Rent at Current Rental Amounts: $33,048. All units are on month to month tenancy. All tenants are current on their rent as of August 2021. 501 Pennsylvania Ave. Level 1 - Clothing boutique paying $695/month (5+ year tenancy) 501 Pennsylvania Ave. Levels 2 & 3 - 1BR & 1BA apartment paying $625/month. 503 Pennsylvania Ave. Level 1 - Barber shop paying $695/month (20+ year tenancy). 503 Pennslyvania Ave. Levels 2 & 3 - 2BR & 1BA apartment paying $730/month (25+ year tenancy). SITE: 1,960 +/- sq. ft. lot, Zoned C-1 according to the Baltimore City Zoning Map and Maryland SDAT. See Baltimore City Zoning Legend for more information about C-1.

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Listed by Matthew S Cooper of Alex Cooper Auctioneers,Inc.

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