Harbor Stone Advisors is pleased to present the opportunity to acquire The Druid Apartments, a unique multifamily asset with value-add potential. Located in Reservoir Hill, the property is less than a 10-minute walk away from the Maryland Institute College of Art (MICA) and University of Baltimore. The Druid Apartments features (11) 1 Br-1 Ba, (1) 1 Br-1.5 Ba, (4) 2 Br-1 Ba, (2) 2 Br-1.5 Ba, and (3) 3 Br-2 Ba. Typical unit features consist of white appliances, wood cabinets, laminate countertops, engineered bamboo/carpet/ceramic tile flooring, and in-unit washer/dryers in some units. Current ownership completed an extensive renovation of the property in 2012 which included apartment upgrades, new roof and awning, refurbished lobby and corridors, replacement of 50% of the hot water heaters and 90% of heat pumps, and other projects. Recently, the seller renovated two units with stainless steel appliances, new cabinets, granite countertops, and updated bathrooms. The opportunity exists to continue this renovation program on the remaining 19 units. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $200 higher on average than the Subject property. Other value add opportunities include implementing a water reimbursement program upon renewal and/or new lease and monetizing the storage area in the basement. There are currently small storage lockers in the basement that are not utilized by current tenants. A new owner could convert that area into two or three large storage rooms, which would be more desirable to tenants.