Maryland
Baltimore
22 E PRESTON STREET

$500,000

22 E PRESTON STREET, Baltimore, MD 21202

Commercial Property
Built in 1900
1,742sqft lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 3rd and ends Tuesday, April 8, 2025 at 12:00PM. Fully Leased 5 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City. Approximately 4,320+/- sq. ft. of above grade living space and 1,080+/- sq. ft. below grade living space. Current gross monthly scheduled rent of $7,495. Current gross annual scheduled rent of $89,940. Unit B - 2 Bedroom/1 Bath Rented for $1,399. Unit 1 - 2 Bedroom/2 Bath Rented for $1,399. Unit 2 - 2 Bedroom/2 Bath Rented for $1,399. Unit 3 - 2 Bedroom/2 Bath Rented for $1,599. Unit 4 - 2 Bedroom/2 Bath Rented for $1,699. Utilities: The units are individually metered for gas and electric. Key Items:- All central heat pump systems replaced by prior owner, it is possible some are under warranty. - Roof replaced in 2020 - All units have W/D. Expenses Property Taxes, July 1, 2025-June 30, 2026: $8,760. Special Benefit District Surcharge July 1, 2025- June 30, 2026: $490. Ground Rent Per SDAT: $90. Water Per Historical Figures: $83. Electric/Gas Per Historical Figures: $445. Licenses Est. $50/Unit or approximately $250 total. Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!

Listing Status:: Active
Date Added:: March 17, 2025 at 05:00AM
Listing Office:: Alex Cooper Auctioneers, Inc. : 4108284838
Listing Agent:: Matthew S Cooper : 4109774711
MLS ID:: MDBA2160178

A/C: Other
Heating: YOtherOther
Disability Feature: None

This listing courtesy of Matthew S Cooper, Alex Cooper Auctioneers, Inc.

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Baltimore Montessori Public Charter School

1600 Guilford Ave, Baltimore, MD, 21202

Grades PK-8

0.28 miles away

Friendship Academy of Engineering and Technology

, Baltimore, MD, 21201

Grades 6-12

0.28 miles away

Northwestern High School

, Baltimore, MD, 21201

Grades 9-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.