332 S HIGHLAND AVE Baltimore, MD 21224

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST BIDDING!! Online Bidding Opens - Monday, February 6, 2023. Live On Site Auction - Wednesday, February 8, 2023 at 11:00 AM. List price is opening bid only. Currently arranged for 6 dwelling units and 4 commercial spaces, the building is 70% occupied, with two of the dwelling units and rear garage space currently vacant. Gross scheduled monthly rentals are $9,205, or $111,679 annually. Tenants include the United States Postal Service, wholesale meat purveyor, salon and residential tenants. A contractor currently occupies some of the storage space by agreement with the owner. The Postal Service is scheduled for a $300/month rent increase in May. Estimated gross scheduled rent with the USPS increase and a 10% vacancy factor would be $137,000.

The property is located at the corner of S. Highland Avenue and Bank Street in the heart of Highlandtown. The Creative Alliance, Southeastern Branch of the Enoch Pratt Free Library, Matthew’s Pizzeria and dozens of other noteworthy businesses are within a few blocks. Johns Hopkins East Baltimore and Johns Hopkins Bayview are each within 2 miles. Patterson Park is less than one-quarter mile west.