1521 Park Ave - Apartments FOR SALE


Baltimore, MD 21217- Bolton Hill
$650,000 USD
410-960-3962
1521 Park Ave, Baltimore, MD for Sale
$650,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1521 Park Ave
Baltimore, MD 21217
Bolton Hill


HIGHLIGHTS

  • Opportunity to Acquire a Multifamily Asset in Bolton Hill
  • Ability to Increase Rents Via Renovation Program
  • Excellent Location in Bolton Hill

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire 1521 Park Avenue, a multifamily asset located in the Bolton Hill neighborhood of Baltimore City. 1521 Park Avenue features 5 units with a mix of (1) Studio and (4) 1 Br-1 Ba. Typical unit features consist of white/black/stainless steel appliances, wood cabinets, hard surface countertops, and hardwood/ceramic tile flooring. Bolton Hill is home to 20 blocks of mostly preserved, historic buildings and numerous monuments and parks. Residents of 1521 Park are just a short walk away from Baltimore Penn Station, Maryland Institute College of Art (MICA), and University of Baltimore. The opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $200 higher compared to the Subject property.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R-7

APN/PARCEL ID

14-01-0369-011

ASK ABOUT THIS PROPERTY

Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.