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REAL ESTATE INSIDER

COOL SPACE

Properties to watch in Maryland

These Baltimore apartments are going up for auction

The four apartment buildings at 3701-3711 Greenmount Ave. in Baltimore already have a mix of short-term and long-term tenants. (Loopnet)

The four apartment buildings at 3701-3711 Greenmount Ave. in Baltimore already have a mix of short-term and long-term tenants. (Loopnet)

Address: 3701-3711 Greenmount Ave., Baltimore
Property type: Apartments
Size: 26 apartments
Listing price: Auction
Contact: Nick Luciani, auction agent at Alex Cooper Auctioneers, 443-465-4761; nick@alexcooper.com

These four adjacent buildings, consisting of 26 apartments with five attached garages, are fully leased and set for auction later this month.

The properties at 3701-3711 Greenmount Ave. in Waverly offer potential investors an opportunity for a solid income-producing investment. “It’s a very nice location right on Greenmount Avenue,” Nick Luciani, auction agent at Alex Cooper Auctioneers Inc., said.

The properties include a mix of long- and short-term tenants, Luciani said, including residents calling that portion of the city home and students from nearby universities.

The scheduled gross annual rent for the building is $244,164, with rents ranging from $610 to $866 a month.

The development consists of nine three-bedroom and one-bathroom units; nine two-bedroom, one-bath units; and eight one-bedroom and one-bath units.

To suggest a property to be featured in Cool Space, Contact Adam Bednar at adam.bednar@thedailyrecord.com.


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