FOR SALE

$500,000

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22 E PRESTON Street
Baltimore, MD 21202

Apartment Building

Commercial

0.04

Acre Lot

Courtesy: Alex Cooper Auctioneers, Inc.

Description for 22 E PRESTON Street Baltimore, MD 21202

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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!