1807 Eutaw PlBaltimore, MD 21217

This fully leased nine-unit apartment building presents a compelling investment opportunity in Baltimore's desirable Bolton Hill neighborhood. The property, located at 1807 Eutaw Place, comprises a three-story masonry building with a basement, totaling 4,569 square feet above grade and 1,523 square feet in the lower level. The building features a mix of studio and rooming units, boasting high ceilings (10+ feet) and original detailing. Recent upgrades include replacement windows, electrical and flooring updates in five units, updated appliances and cabinetry in those same units, new fluorescent lighting in common areas, and a renovated lower-level laundry room. The central gas-fired boiler is believed to have been replaced in 2015. The property also includes a rear patio and a large concrete pad with potential for parking lot conversion. The building benefits from a central gas-fired boiler system with hot water radiators and a gas-fired hot water heater for all units. Utilities are largely covered by tenants, with many paying a $75 monthly utility fee. The expansive lower level offers significant storage space, potentially convertible into tenant locker areas. The property enjoys a gross scheduled annual rental income of $111,486, with current monthly rent totaling $9,290.50. Situated on a 19'3" x 130' lot zoned OR-1 (Office Residential), the building is surrounded by parks, including Arnold Sumpter Park. The property's location within the historic Bolton Hill neighborhood provides access to MICA, various performance spaces, and numerous restaurants. This is an online auction only. A diligence package, including the purchase and sale agreement and addenda, is available online. The initial deposit must be made via credit card, wire transfer, or cashier's check. Please review the online bidding terms and deposit transmittal form for details.