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GUIDED TOUR ON THURSDAY, MAY 26TH, PROMPTLY AT 11:00 AM! List price to be opening bid at online only auction. Registration and bidding begins Thursday, June 2nd and ends on Tuesday, June 7, 2022 @ 1:00 pm. 6-Unit Apartment Building Located in the “Chestertown” Area of Kent County **Gross Scheduled Annual Rent of $86,100** Exceptional opportunity to purchase a 6-Unit Apartment Building. All the units are separately metered. Each upper level unit has access to a balcony. The units on the main level have access to the front porch. Most units have wood type floors. There is off street parking available. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. Current Gross Scheduled Monthly Rent: $7,175. Current Gross Scheduled Annual Rent: $86,100. Unit Information: All 6 units include 2 bedrooms, 1 full bath, a kitchen and a living area. Units 1 & 2 are located on the main level. Units 3 & 4 are located on the second level. Units 5 & 6 are located on the third level. The lower level is not occupied. The units on the main level and 3rd floor have central air and force hot air heat.The units on the 2nd level have mini-split A/C with heat. Rent Roll: Unit 1 (2 Bedrooms / 1 Bath): Currently Rented for $1,050/monthly. Unit 2 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Unit 3 (2 Bedrooms / 1 Bath): Currently Rented for $1,200/monthly. Unit 4 (2 Bedrooms / 1 Bath): Currently Rented for $1,100/monthly. Unit 5 (2 Bedrooms / 1 Bath): Currently Rented for $1,150/monthly. Unit 6 (2 Bedrooms / 1 Bath): Currently Rented for $1,225/monthly.

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Listed by Larry E Cooper of Alex Cooper Auctioneers,Inc.

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