Baltimore, MD 21206 5461 Cedonia Avenue

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Wednesday, July 9th & ends Monday, July 14, 2025 at 1:00 PM.Excellent Investment Opportunity: Fully Leased 12-Unit Multifamily Building in Cedonia, Baltimore. Presenting a rare opportunity to acquire a fully occupied 12-unit brick multifamily property situated on approximately 0.901 acres (per SDAT) in the Cedonia neighborhood of Northeast Baltimore City. This well-maintained, three-story building offers a balanced unit mix with six one-bedroom and six two-bedroom apartmentsfour units per floor. Rental Income & Occupancy: Current Gross Monthly Rent of $12,095 Current Gross Annual Rent of $145,140 Five units are rented at market rates, while seven benefit from rental assistance programs. According to the seller, seven of the units have been updated/renovated within recent years. Property Highlights: Zoning: R-6 Lead-Free Active Rental License for 12 units (valid through September 13, 2026) Separate electric meters for each unit 78 parking spaces available (per seller) Outdoor features include 8 units with balconies and 2 with patios. Ideally located in the Cedonia area of Northeast Baltimore, this property is close to a wide range of amenities including shopping, dining, schools, and recreational facilities. Convenient access to major thoroughfares such as I-95, I-695, and Belair Road enhances tenant appeal and transportation options. Projected Expenses: Real Estate Taxes - $13,797 for 2025. Trash removal - $250/monthly. Water - $800/monthly. Insurance - $311/monthly. Maintenance - $200/monthly. Electric - $125/monthly. Note: Pictures are from the Alex Cooper library July 2024.