3809 Clarks Lane , Baltimore, MD 21215

Property Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, July 25th and ends Thursday, July 30, 2026 at 12:00 PM. GUIDED TOURS: WEDNESDAY, JULY 15th STARTING AT 10:30AM and TUESDAY, JULY 28th STARTING AT 12:00PM. Rare opportunity to acquire The Embassy Apartments, a well-established mixed-use asset located in Baltimore's desirable Glen neighborhood. This income-producing property consists of 32 residential apartments and 15 office suites, offering a diversified revenue stream and long-term investment stability. The commercial component is fully occupied, with all 15 office suites leased, providing consistent cash flow from an established tenant base. The residential portion features 32 apartment units, 29 of which are currently occupied, presenting immediate income with additional upside through lease-up of the remaining vacancies. Strategically positioned along Clarks Lane with convenient access to major transportation routes, employment centers, retail amenities, and neighborhood services, The Embassy Apartments offers investors the opportunity to acquire a stabilized mixed-use property with existing cash flow and future value-add potential. Unit Mix: 6 - 1 Bedroom 1 Bath Units 22 - 2 Bedroom 2 Bath Units 4 - 3 Bedroom 2 Bath Units **Scheduled Gross Monthly Rent of $49,100** **Scheduled Gross Annual Rent of $589,200** **Potential Gross Monthly Rent of $54,000** **Potential Gross Annual Rent of $648,000** Projected Annual Expenses: Taxes (7/1/26-6/30/27) $69,834 Gas & Electric (Per 2024 Expenses) $43,896 Water (Per Recent Bills) $42,469 Trash Removal "To come" Licenses (Estimated at $50/Unit) $2,400 The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, co-listing broker or the owner make any representations or warranties with respect to the accuracy of information.

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