410-960-3962
201 S Conkling St, Baltimore, MD for Sale
Apartments - FOR SALE
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201 S Conkling St
Baltimore, MD 21224


HIGHLIGHTS

  • Unique Opportunity to Acquire a Gut-Renovated Asset in Highlandtown
  • Minimal Deferred Maintenance for a New Owner
  • Excellent Location in East Baltimore; 6 Minute Drive to Johns Hopkins Bayview Campus

OVERVIEW

Harbor Stone Advisors is pleased to present the unique opportunity to acquire Imperial at Conkling, a gut-renovated asset located in the Highlandtown neighborhood of Baltimore City. The property is located a mile away from some of the best retail, dining and nightlife the city has to offer, including Mobtown Brewing Company, Canton Crossing Shopping Center, and O'Donnell Square. Imperial at Conkling is also just a 6 minute drive from the Johns Hopkins Medical Center Bayview Campus. Imperial at Conkling features 27 units with a mix of (1) Studio, (21) 1 Br-1 Ba, and (5) 2 Br-2 Ba. The property also has gated parking, a media club room, a pet washing station, and controlled access. Prior ownership completed a gut renovation of the property in 2017 which included converting the former schoolhouse into luxury apartments. Typical unit features consist of stainless steel appliances, granite countertops, hardwood/ceramic tile flooring, in-unit washer/dryers, and high-end finishes. Prior ownership also updated all of the mechanical systems. The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least 20% higher on average. Imperial at Conkling also has an existing CHAP Tax Credit that runs through the 2026-2027 tax year

FOR SALE DETAILS

PRICE

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# OF UNITS

27

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Imperial at Conkling

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

R-8

APN/PARCEL ID

26-16-6302-001

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.