407-409 & 411-413 WASHINGTON ST Cambridge, MD 21613

List price to be opening bid. Online Auction Only! Bidding begins Thursday, January 12, 2023 & ends Tuesday, January 17, 2023 at 12:00 PM. 3 Building Mixed Use Assemblage in the City of Cambridge.
CURRENT GROSS MONTHLY INCOME: $3,487 increased to $3,512 on 3/1/23. SCHEDULED GROSS ANNUAL INCOME: $41,844 increased to $42,144 on 3/1/23. POTENTIAL GROSS MONTHLY INCOME: $5,487 increased to $5,512 on 3/1/23. POTENTIAL GROSS ANNUAL INCOME: $65,844 increased to $66,144 on 3/1/23. 407-409: Two Buildings, lot size for both units totaling .29+/- AC. Units are separately metered. Each unit has it's own large parking lot. 407 - 1,702+/- SF stand alone building used as an office currently occupied at $700 per month plus $54 per month for water. Lease set to be renewed 3/1/2023 and increased to $725 per month plus $54 per month for water. 409 - Garage space currently occupied at $925 per month, water included. 411-413: 2,828+/- SF building. First floor large retail space is vacant with lots of potential, garage door in the back of the building. Second floor two units, each unit currently occupied at $850 per month plus $54 per month for water. Both units are updated 1 bedroom 1 bath with in unit laundry. Metal roof in the rear. Estimated market rent for first floor after build out is $2,000. All units are separately metered. The large window for the retail space has been purchased and is stored inside the unit. This window along with some miscellaneous building materials will remain for the new owner. Other than the window the seller reserves the right to take all materials. Zoning: According to the Dorchester County zoning map, the properties have a zoning of Downtown, for more information please visit the link above.