2550 W Lombard St,BALTIMORE, MD 21223
BALTIMORE, MD 21223
Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, June 19th and ends Tuesday, June 24, 2025 at 1:30PM. An opportunity to purchase a 5 unit apartment building. Layout: 4 units are located on the 3-levels in the main building and 1 unit in the detached carriage house, in the back right side of the property. There were many updates in 2024-2025 including flooring, kitchens, bathrooms, walls and more. The building is rent ready with a Baltimore City Rental License allowing for 5 units. Currently, Unit 2 is leased to a Section 8 tenant for $1,239/month on a 2-year lease, while the remaining 4 units are vacant and ready for new tenants. Unit Breakdown: Unit 1 (Main Level) - 1 bedroom, a full bath, bonus room, living area and kitchen. Unit 1F (Main Level) - Studio apartment with 2 rooms, a full bath and kitchen. Accessible via an exterior door on the back right side, marked with a "1." Unit 1E (Detached Casita) - Located at the rear of the property, featuring 1 bedroom, 1 full bath, living/dining area, kitchen, front porch, fenced front yard, and small backyard. Unit 2 (2nd Level) - 2 bedrooms, 1 full bath, bonus room, living/dining area, kitchen, and a covered balcony. (Currently rented for $1,239/month, Section 8, 2-year lease.) Unit 3 (3rd Level) - Located on the 3rd level setup as a studio apartment with a full bath, kitchen and a room with a divided wall. There are 2 entrance doors in the outside hallway into the unit.
Details
| MLS # | MDBA2170774 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 10 |
| Listing Provided By | Alex Cooper Auctioneers, Inc. | Larry E Cooper |
Features
| Units | 1 |
|---|---|
| Zoning | R-8 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Construction Materials | Other |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 2108 |
| Tax Lot | 048 |
Market Activity 21223
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21223 |
| Area | BALTIMORE CITY MD |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in 21223) | |
Price: $150,000 low | high Med: $121,900 On site: 10 low | high Med: 142.000000 | |
