800 Cathedral Street

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 11:00AM. Fully Leased 5 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City. Current gross monthly scheduled rent of $8,195. Current gross annual scheduled rent of $98,340. Unit 1 - 2 Bedroom/2 Bath Rented for $1,599 + $80 Utility Reimbursement. Unit 2 - 2 Bedroom/2 Bath Rented for $1,719 + $80 Utility Reimbursement & $70 Pet Rent. Unit 3 - 2 Bedroom/2 Bath Rented for $1,649 + $80 Utility Reimbursement. Unit 4 - 2 Bedroom/2 Bath Rented for $1,599 + $80 Utility Reimbursement. Unit 5 - 1 Bedroom/1 Bath Rented for $1,199 + $40 Utility Reimbursement. Utilities: The units are individually metered for gas and electric. Key items: • All units have W/D • Partial roof replacement in 2024
• 3 of 5 units have central heat pump systems that are under warranty, 2 units have baseboard heat and window a/c units. Expenses Property Taxes July 1, 2025-June 30, 2026: $8,786. Special Benefit District Surcharge July 1, 2025-June 30, 2026: $491. Water Per Historical Figures: $2,137. Electric/Gas Per Historical Figures: $1,654. Licenses Est. $50/Unit total of approximately $250. TOTAL ANNUAL EXPENSES $13,318+/-. 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!