45 N Kresson St. Baltimore, MD 21224


Fri Apr 26 @ 11:00AM EDT

End of group Tavern/Bar with 2nd floor office located in the Kresson area.
In close proximity to Johns Hopkins Bayview and Baltimore Highlands/Highlandtown.
Property is rented $2,700.00/Month.
+/- 2,605 sqft.

  • 1st Floor: Bar/Tavern
  • 2nd Floor: 2 Bedroom Apartment and Office space
  • 1 Full Bath (2nd Floor Apartment)
  • 3 Half Baths (Private Restroom on 1st Floor, Mult-Stall Restroom on 1st Floor, Private Restroom on 2nd Floor)
  • Unfinished Basement

1st Floor Bar/Tavern
Lease Start Date: June 1, 2018
Initial Term: 4 Years, with the option to renew for an additional 48-month term.
Scheduled Monthly Minimum Rent: $1,800 with 3% increase each year thereafter:

  • Year 1 Scheduled Monthly Minimum Rent: $1,800 ($21,600 Annually)
  • Year 2 Scheduled Monthly Minimum Rent: $1,854 ($22,248 Annually)
  • Year 3 Scheduled Monthly Minimum Rent: $1,909.62 ($22,915.44 Annually)
  • Year 4 Scheduled Monthly Minimum Rent: $1,966.90 ($23,602.80 Annually)

Total Scheduled Rent for First Floor Rental during Inital Lease Period (4 Years): $90,366.24

2nd Floor Apartment
Lease Start Date: January 1, 2019
Initial Term: 1 Year
Scheduled Monthly Rent: $900
Scheduled Annual Rent: $10,800

Total Scheduled Rent for Second Floor Rental during Inital Lease Period (1 Year): $10,800

REAL ESTATE TAXES: $2,055.56 (2018-2019)
TITLE: Fee simple. Sold free and clear of all liens.
INSPECTION TIME: Call office for lock box code.
DEPOSITThe initial deposit amount is listed above. All deposits must be cash or certified funds.


· 5% Buyer's Premium will be added to the high bid.
· 2.5% Broker Co-Op. Commission based on bid price only. Agents or Brokers please register your client: http://www.ashlandauction.com/brokers/
· Sale to be held on the premises.
· Settlement: 45 days from auction sale date.
· Pre-Bid offers accepted via Phone (410-488-3124), Fax (410-488-3125) or Email (Adam@AshlandAuction.com)

The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same. Dimensions and acreage are more or less.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Property is sold subject to any Local, State or Federal Government Housing Code Violation Notices or Vacant House Notices issued by Local, State or Federal Government. The purchaser waives and releases the Trustee, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to, the environmental condition thereof. If the Trustee/ Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit, this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Trustee/ Seller or Auctioneers. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of sale and assumed thereafter by the purchaser.
Recordation costs, transfer taxes and all other costs incident to settlement, to be paid by the purchaser. However, if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. Purchaser assumes risk of loss from the date of sale forward.  
If payment of the additional deposit, if any or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Time shall be of the essence.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction.

Ashland Auction Group, LLC is acting as agent for the Seller in this transaction and or Auction.  Ashland Auction Group, LLC is not acting as agent for the any bidder or any successful bidder regarding pre-auction offers, offers online, onsite auction or post auction offers. 

Registered Brokers or Agents who represent bidders for pre-auction, onsite auctions or post auctions are acting as an agent for the buyer and not a sub-agent for Ashland Auction Group, LLC 

Sold Comps

Sold 09/28/2018: $100,000

3616 E Lombard St

Baltimore, MD 21224

2 beds, 2.0 baths, 1350 sq. ft.

See more details for 3616 E Lombard St on Zillow

Sold 02/13/2019: $79,200

3705 E Lombard St

Baltimore, MD 21224

2 beds, 2.0 baths, 1204 sq. ft.

See more details for 3705 E Lombard St on Zillow

Sold 01/29/2019: $65,000

128 S Eaton St

Baltimore, MD 21224

2 beds, 1.0 baths, 1024 sq. ft.

See more details for 128 S Eaton St on Zillow