2001 Eastern Ave - Apartments FOR SALE


Baltimore, MD 21231
$1,206,000 USD
410-960-3962
2001 Eastern Ave, Baltimore, MD for Sale
$1,206,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2001 Eastern Ave
Baltimore, MD 21231


HIGHLIGHTS

  • Opportunity to Acquire a Renovated Asset in Southeast Baltimore
  • Additional Value-Add Potential Exists to Further Increase Revenue
  • Conveniently Located Between Fells Point and Canton

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire 2001 Eastern Ave., a renovated asset located in Southeast Baltimore City. The property is conveniently located between the Fells Point and Canton neighborhoods, and is just steps away from numerous shops, bars, and restaurants. 2001 Eastern Ave. features (4) 2 Br-1 Ba units and (1) commercial space. The commercial space is leased to Mid-Atlantic Spinal Rehab and Chiropractic through July 2027. Prior ownership completed a renovation of the building in 2020 which included apartment renovations. Typical unit features consist of black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents as they are currently under market. Comparable properties in the area are achieving rents $300 higher on average.

FOR SALE DETAILS

PRICE

$1,206,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

5

PRICE/UNIT

$241,200

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2001 Eastern

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C-1

APN/PARCEL ID

02-07-1783-001

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.