Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present Preston Street Lofts, a gut-renovated, mixed use asset located in Historic Mount Vernon. The property is a 1-minute walk from University of Baltimore and a half mile from UMMC Midtown Campus. Preston Street Lofts is also a 5 minute walk to Penn Station, which is under going $150 million worth of renovations over the next several years. The property features 12 apartments with a unit mix of (10) Studios, (1) 1 Br-1 Ba, and (1) 2 Br-1 Ba units, as well as (1) commercial space. The commercial space is leased to Golden Grillz through September 2030. Current ownership completed a comprehensive gut renovation in 2019 which included updating all of the residential units. Typical unit features include a stainless steel appliance package, granite counter tops, hardwood floors, wood cabinets, and in-unit washer/dryers. In addition to renovating the apartments, ownership also updated the plumbing and mechanical systems, leaving minimal deferred maintenance for a new owner. The opportunity exists for a new owner to organically increase rents upon unit turnovers. Preston Street Lofts has an existing CHAP Tax Credit that runs through 2028-2029 tax year.