List price to be opening bid. 1900 Maryland Avenue, Baltimore, MD 21218 and 100-102 W. North Avenue, Baltimore, MD 21218. Timed Online Auction will begin Thursday, June 24th @ 1:00pm and end Tuesday, June 29th @ 1:00pm. Current Gross Monthly Rent: $15,861. Current Annual Scheduled Rent:$190,332. Exceptional opportunity to purchase an updated, fully leased, lead free and well maintained fifteen unit apartment assemblage along with a commercial unit with retail frontage on North Avenue in the Station North Arts and Entertainment District. The complex is comprised of two buildings: A 4-story brick building which contains twelve residential apartment units along with a ground floor commercial unit and a 3-story masonry building which contains three residential units. The small commercial unit has been fully renovated and is currently occupied by an office tenant. Landlord pays for water/sewer and public service meter. The complex is located: In the heart of the Station North Arts and Entertainment District, On the same block as the N. Howard St. Bridge, 3 blocks from Maryland Institute College of Art, 2 blocks from I-83 on-ramp, In an area which enjoys a Walk Score of 93 - Walker's Paradise. The buildings contain: 8- Two bedroom / One full bath units, 6- Two bedroom / One full bath + half bath units, 1- One bedroom / One full bath unit, 1- Ground floor Commercial Unit. Mechanical: Self contained residential units with separate, meters for electric and gas, Each residential unit has an HVAC unit with gas furnace, AC compressors located on the roof, Each residential unit has a gas hot water heater, Water and sewer paid for by landlord, Sprinkler system and fire alarm system. Typical Finishes: Plank style vinyl, Parquet and carpet floors in bedrooms/common areas, Ceramic or plank style vinyl tile floors in kitchens/baths, Gas stove/oven, Most of the residential floor plans have an entry foyer, living room, 2 bedrooms, kitchen and full bath , Several residential units have a bonus half bath, Many residential units have an additional small bonus room and large closet, Mixture of fluorescent and incandescent lighting fixtures, Replacement windows throughout building. Rental information: This property is subject to, and will not be sold free and clear of, (i) an Extended Low income Housing Covenant (see generally, 11 U.S.C. § 42) and (ii) a recorded Deed and Agreement with the Mayor and City Council of Baltimore that contains restrictive covenants. The Covenant and Deed are recorded in the Land Records of Baltimore City, and can be reviewed in the Documents section of this site. Without limitation the Covenant and Agreement (a) restrict the amount of rent that can be charged and (b) require that tenants meet certain low-income criteria. In addition, there are record keeping and reporting requirements. You are cautioned to read these documents and seek legal or other professional advice before purchasing this property.