3308 Alto RdBaltimore, MD 21216

This distressed property, located at 3308 Alto Rd, Baltimore, MD 21216, presents a unique redevelopment opportunity. The vacant 2,010 square foot building, classified as a Class D senior living facility (Residential Care Facility subtype), sits on a 7,344 square foot lot and offers four units with four bedrooms. Built in 1910, the three-story structure is zoned R-1 and includes two parking spaces. Currently operating under a ground lease with an annual ground rent of $120, the property is being sold free and clear of all liens except for the ground rent. The asking price is $100,000. The property is conveniently located near Hanlon Park, Baltimore City Community College, Mondawmin Mall, Coppin State University, and Walbrook Junction Shopping Center, with easy access to Liberty Heights Avenue. While the property is vacant, it is believed to contain an unfinished basement. Real estate taxes are $4,099.32 annually. Pre-auction offers are being accepted, with the auction commencing November 21st at 10:00 AM and concluding November 25th at 11:20 AM. Potential buyers are responsible for independently verifying all zoning, permits, licenses, and usage information. A 10% deposit of the purchase price is required within 48 hours of the sale. All deposits must be cash or certified funds.