The Baltimore Maryland Agent: Maryland: Roland Park: Wyndhurst

Victorian for Auction in Roland Park

Victorian for Auction in Baltimore's Roland Park Neighborhood

 

****UPDATE**** This property has sold at a price of $385,000

 

Relocation Auction. Gracious Victorian residence in prime Roland Park location.

This three unit multifamily property will be sold absolute to the highest bidder above $350,000.

Auction is Tuesday October 1, 2013 at 1pm on site at the property.

Welcome to 5017 Roland Ave Baltimore Maryland 21210

 

5017 Roland Ave Baltimore Maryland 21210

 

Excellent opportunity to acquire an income producing property in Roland Park.

The property houses three sunny apartments. Each apartment occupies its own floor.

 

Wraparoud porch at 5017 Roland Ave Baltimore MD 21210

 

 

This porch can be yours in time for Halloween 2013. It will look wonderful with pumpkins!

 

Living room at 5017 Roland Ave Baltimore MD 21210

 

 

The interior of the property is tidy.

This photo showcases the living room in the second floor apartment.

Note the upgraded windows.

The first and second floor each house a 2 bedroom + 2 bathroom apartment.

The top floor has a 1 bedroom + den + 1 bathroom apartment.

 

kitchen at 5017 Roland Ave Baltimore MD 21210

 

 

This kitchen is in the 1st floor apartment. The layout is well designed. 

 

bathroom at 5017 Roland Ave Baltimore MD 21210

 

 

There are 5 full bathrooms throughout the property.

 

meters at 5017 Roland Ave Baltimore 21210

 

 

Three separately metered units. Each unit has its own water heater and furnace.

As noted by the sellers;

Apt #1 First Floor: Trane gas furnace installed 01/06

Apt #2 Second Floor: Rheem gas furnace and new water heater

Apt #3 Third Floor: Trane Heat Pump System installed 07/06

The property has central air conditioning throughout. The roof has been replaced.

The Baltimore City multifamily rental license has been renewed.

 

View of backyard at 5017 Roland Ave Baltimore Md 21210

 

 

View of the deck, backyard, and off street parking at 5017 Roland Ave Baltimore MD 21210

 

5017 Roland Ave Baltimore Maryland 21210

 

The apartments are not currently leased with the exception of a month-to-month tenant who is scheduled to vacate the third floor.

The following cash flow analysis was provided by the owners;

Apt 1 rents at $1500 per month

  Apt 2 rents at $1300 per month.

Apt 3 rents at $975 per month. 

This is a combined annual gross operating income of $45,300.

Total expenses including taxes, insurance, maintenance, and utilities totaled $16,319.50

Net income = $28,980.50

This data is for information purposes only.

 

 

The last list price for this property during summer 2013 was $464,500.

Bidding will open at $350,000

Auction is Tuesday October 1, 2013 at 1pm - at the property.

If you are reading this blog and you are not familiar with Baltimore, I can tell you with certainly that Roland Park is one of Baltimore's most beloved neighborhoods. Whether you are looking for an investment opportunity or a personal residence with rental income, this property is sure to appeal.

Victorian for Auction in Baltimore's Roland Park Neighborhood

For more information visit the website where you can download the property information packet

or

Get in touch. This is a limited opportunity. 

 

Like income producing properties? We've got another auction in Baltimore County for your consideration.

 

Rachel Rabinowitz

Broker / Owner Guerilla Realty  and

Vice President Tranzon Fox Auctions

443.841.5916 direct

rachel@go-guerilla.com / rrabinowitz@tranzon.com

 

 

 

Comment balloon 0 commentsRachel Rabinowitz • September 05 2013 06:55PM
Victorian for Auction in Roland Park
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Victorian for Auction in Baltimore's Roland Park Neighborhood ****UPDATE**** This property has sold at a price of $385, 000 Relocation Auction. Gracious Victorian residence in prime Roland Park location. This three… more