1208 Daniels Ave

REAL ESTATE AUCTION
Featuring Live & Simulcast Online Bidding
$200,000 Opening Bid
BALTIMORE COUNTY
– Catonsville Manor –
5 UNIT APARTMENT BUILDING
Baltimore County Tax IDs #0113752650, #0113752651 and #0113752655
Fully Leased - On-Site Parking - 0.20± Acre - $48,600 Gross Annual Income
Sale On Premises:
1208 DANIELS AVENUE
Off Carroll Street
Woodlawn, Baltimore County, Maryland 21207
Online Bidding Opens
MONDAY, NOVEMBER 11, 2024
Live Onsite Auction Begins
WEDNESDAY, NOVEMBER 13, 2024 AT 11:00 A.M.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
GENERAL INFORMATION:
1208 Daniels Avenue comprises a fully-occupied 5 unit apartment building in the Catonsville Manor subdivision in the Woodlawn area of Baltimore County. The property has been continuously used as an apartment building for more than 50 years, approximately 20 owned and managed by the current sellers. Units feature separate entrances, separate meters, outdoor spaces, surface and street parking. Current scheduled monthly rent is $4,050, or $48,600/year. Most tenants have resided in the property for multiple years. The auction provides an opportunity to purchase an income producing multi-family property in a location that is convenient to employers, retail shopping and major commuter routes.
LOCATION:
The property is located in the Catonsville Manor subdivision in western Baltimore County. Catonsville Manor is a large subdivision located a short distance south of the US Social Security Administration complex between Catonsville and Woodlawn. The neighborhood, originally developed about 100 years ago, contains more than 1,000 properties, and is predominantly made up of single family residential homes constructed at various points over that 100 years. Architecture and home sizes vary, with many having been substantially renovated, expanded or built new in more recent decades. Properties immediately surrounding the subject property were constructed in the 1950’s, 60’s, 80’s and early 2000’s.
Baltimore National Pike (US-40), which features an array of retail shopping, dining, entertainment and professional offices, is less than 1 mile south. Access to the Baltimore Beltway (I-695) is within 1 mile via Baltimore National Pike, and I-70 is within 1.5 miles. The Catonsville “Main Street” district is located about 2 miles south via Ingleside Avenue. Downtown Baltimore and Ellicott City are also easily accessible from the area. According to the Baltimore County Public Schools Website, nearby schools include Edmondson Heights Elementary, Southwest Academy Middle and Woodlawn High.
For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org
SITE:
Lot size – 9,000 square feet, or 0.207 acre, more or less, according to public tax records.
The lot is comprised of 3 separately taxed parcels comprised of 4 originally platted parcels and a portion of a fifth, as further described within the deed. Believed to be 90' front along Daniels Avenue with depths of 100'.
The lot features landscaped front and rear yards, paved parking area for three vehicles and a storage shed.
All public utilities.
ZONING:
Zoned DR 5.5 Residential – Approved Non-Confirming Use for 5 Dwelling Units
IMPROVEMENTS:
Two story detached traditional building – constructed in 1950, containing 2,738 square feet above grade and 1,369 square feet of mostly finished basement space, according to public tax records. Exterior features include an asphalt shingle roof, dormers, vinyl-clad replacement windows, two porches, a second floor deck and wood fire escape. Each unit is self-contained with a separate exterior entrance. Finishes are mixed. Each unit has electric baseboard heat and electric appliances. 5 electric meters. All 5 units are occupied with a total monthly rent of $4,050. See additional information section for lease copies, lead certificate and unit registration information.
Unit details are as follows:
Unit 1A –
2 bedrooms, living room, kitchen and full bath.
Rented for $900/month.
Annual lease commenced 7/1/23, now month-to-month.
Unit 2A –
Bedroom, living room (potential second bedroom), kitchen and full bath.
Rented for $775/month.
Annual lease commenced 5/5/17, now month-to-month.
Unit 1B –
2 bedrooms, living room (potential third bedroom), kitchen and full bath.
Rented for $875/month.
Annual lease commenced 6/17/20, now month-to-month.
Unit 2B –
2 bedrooms, living room/sun porch, kitchen and full bath
Rented for $900/month.
Annual lease commenced 7/15/22, now month-to-month.
Basement Unit –
Seller occupied for storage, utilities and short residency.
Currently a subtenant paying $600/month on a month-to-month basis (no formal lease)
Bedroom, living room, kitchenette, full bath, storage and utility rooms.
Laundry Room – Could be updated for tenant use
ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality agreement to receive lease information and other documents.
TITLE:
In fee simple; sold free and clear of all liens.
TAXES:
Current annual real estate taxes are a total of $3,318 per year
SUMMARY TERMS OF SALE:
Live Auction Bidders – a $30,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price with 24 hours at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $30,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement
Please see sample contract under documents for complete terms of sale. NOI stated is estimated only. List price is opening bid for the auction. Leases, lead certs and unit registrations available from listing broker after completion of CA.