1122 Gleneagle Rd Baltimore, MD 21239

Property Details for 1122 Gleneagle Rd

Property type

Commercial real estate

Description

This online auction presents a fantastic investment opportunity: a fully occupied two-unit apartment building situated in Baltimore's Glen Oaks neighborhood. The three-level brick-front building features two identical units, each boasting two bedrooms and one full bathroom. Unit 1 commands a monthly rent of $1,350, while Unit 2, currently under a Section 8 lease, generates $1,274 monthly (tenant pays $0). This translates to a substantial gross annual income of $31,488. Both units benefit from recent upgrades, including new central air conditioning systems (2022), new 100-amp electrical panels (2022), energy-efficient appliances (stove, microwave, refrigerator, and dishwasher), LVP flooring in kitchens and bathrooms, and recently refinished hardwood floors. The unfinished lower level provides ample storage for each unit, along with housing for the property's meters and mechanical systems. Utilities are separately metered for each unit (tenant pays gas and electric; owner pays water). The property is limited lead-free. This prime location offers easy access to dining, shopping, schools, recreational facilities, a hospital, and major transportation routes including Northern Parkway, Loch Raven Boulevard, and York Road. The auction begins October 26th and concludes October 31st at 12:30 PM. A comprehensive diligence package, including the purchase and sale agreement, leases, lead certificate, and rental license, is available online. Please note that online registration and acceptance of a non-disclosure agreement are required to access these documents. The initial deposit must be made via credit card, wire transfer, or cashier's check. Detailed bidding terms and deposit information are available in the online documents section. The auction utilizes a 3-minute extension rule for bids placed within the final three minutes of the auction.

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Longitude

-76.5952248

Latitude

39.3642416