601 MAIN Emmitsburg, MD 21727

List price to be opening bid at online only auction. Bidding begins Thursday, January 25th & ends Tuesday, January 30, 2024 @ 1:30 PM. **Great Investment Opportunity** 11 Unit Apartment Building Known As The Emmit House in Downtown Emmitsburg with Large Detached Garage **Gross Potential Annual Rent of $109,860** OPEN HOUSE: Wednesday, January 24th Promtly At 1:00PM. Building size according to tax records is 9,116 above grade and 2,880 below grade which includes an office. Lot size. .486 +/- acres. **Current Gross Monthly Scheduled Rent Of $6,600** **Current Annual Gross Scheduled Rent Of $79,200** **Potential Gross Monthly Rent Of $9,155** **Potential Gross Annual Rent Of $109,860**. Rent Roll: Unit 1: 3 BR/1 BA, rented for $980/month to month plus water $25.00. (1,200+/- SF). Unit 2/3: 3BR/1 BA, rented for $980/month to month plus water $25.00. (1,500+/- SF). Unit 4: Vacant. 2BR/1 BA, formerly rented for $775/month. (900+/- SF). Unit 5: 2BR/1 BA, rented for $865/month to month. (900+/- SF). Unit 6: Vacant. 3BR/1 BA, formerly rented for $980/month. (1,500+/- SF). Unit 7: 2 BR/1 BA, rented for $695/month plus water $25.00. (800+/- SF). Unit 8: 2BR/1 BA, rented for $695/month plus water $25.00. (800+/- SF). Unit 9: Studio apartment rented for $665/month to month. (450+/- SF). Unit 10: Studio apartment rented for $425/month to month. (200+/- SF). Unit 11: Studio apartment rented for $475/month to month. (200+/- SF). Unit 12: 2BR/1 BA, rented for $620/month plus water $25.00 per person, $75 total. (500+/- SF). Garage: Currently vacant with an estimated potential rent of $800/month. Tax records say the garage is 1,500 +/- sq. ft. Select annual expenses: Insurance: $4,000, Electric (Common Area): $1,800, Gas (Common Area): $1,500, Trash removal, water and Sewer: $7,200, Real Estate Taxes: $7,340. Location: Emmitsburg, nestled by the Catoctin Mountains and near Mount Saint Mary's University, blends historic allure with outdoor adventure. Stroll along Main Street, dotted with antique shops and cozy restaurants, or visit the National Shrine of St. Elizabeth Ann Seton for a touch of inspiration. Hike mountain trails, bike through scenic paths, or take a dip in the public pool. From fire museums to community parks, Emmitsburg offers something for everyone.