410-960-3962
1707 Eastern Ave, Baltimore, MD for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

1707 Eastern Ave
Baltimore, MD 21231


HIGHLIGHTS

  • Unique Opportunity to Acquire a 2021 constructed Asset in Fells Point
  • Minimal Deferred Maintenance for a New Owner
  • Excellent Location in Historic Fells Point

OVERVIEW

Harbor Stone Advisors is pleased to present the unique opportunity to acquire The Kenary, a newly built asset located in the Fells Point neighborhood of Baltimore City. The property also provides the opportunity for a ground floor commercial tenant. The Kenary is less than a 5-minute walk away from the main street in Fells Point, which is home to numerous restaurants, bars, and shops. The Kenary features 12 expansive units with a mix of (9) 1 Br-1 Ba, (2) 2 Br-2 Ba and (1) ground floor live/work unit. The property was recently constructed in 2021. Typical unit features consist of stainless steel appliances, granite countertops, LVT flooring, in-unit washer/dryer, and high-end finishes. Top Floor units have elevated ceilings. The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least 15% higher on average. There is also an ability to lease the live/work unit to a long-term commercial tenant.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Kenary

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C1

APN/PARCEL ID

02-05-1780-049

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.