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- $1.5M Price
- 13,128 Sqft
- .07 Acres
- 34 DOM
14-16 E Madison St
List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, March 23 & ends Thursday, March 28, 2024 at 1:00 pm. Multi-Family Apartment Complex in Historic "Mount Vernon" with Single Tenant Double Net Lease Structure. The building is configured for 20 total apartments but is currently leased by a recovery center who pays the entirety of the rent. The buildings are distinguished by their original architectural details, which include wood floors, plaster walls, wainscoting, millwork, fireplace mantles, and high ceilings. **Current Gross Monthly Scheduled Rent of $26,000** **Current Annual Gross Scheduled Rent of $312,000** 14 E. Maidson contains approximately 6,486SF of gross building area and has 11 units. 16 E. Madison contains contains approximately 6,642SF of gross building area and has 9 units. An annual 3% increase shall apply after the first 12 month period. The lease is a double net structure. 16 E. Madison Street has two rear parking spaces.
Essential Information
- MLS® #MDBA2116172
- Price$1,500,000
- Bathrooms0.00
- Square Footage13,128
- Acres0.07
- Year Built1930
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusPending
Community Information
- Address14-16 E Madison St
- CityBALTIMORE
- CountyBALTIMORE CITY-MD
- StateMD
- MunicipalityBaltimore City
- Zip Code21202
Interior
- HeatingOther
- CoolingOther
Exterior
- ExteriorBrick and Siding
School Information
- DistrictBALTIMORE CITY PUBLIC SCHOOLS
Additional Information
- Date ListedFebruary 29th, 2024
- Days on Market34
- ZoningOR-2
Listing Details
- OfficeAlex Cooper Auctioneers, Inc.
Price Change History for 14-16 E Madison St, BALTIMORE, MD (MLS® #MDBA2116172)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Active) | – | – |
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Listing information last updated on May 1st, 2024 at 2:03pm CDT.