Harbor Stone Advisors is pleased to present Preston West Apartments, a well-maintained multifamily asset located in Historic Mount Vernon. The property is located across the street from The University of Baltimore Campus and is less than a 10 minute walk away from the Social Security Administration and Maryland State offices. Preston West Apartments is also less than a half mile away from Penn Station, which is undergoing $150 million worth of renovations over the next several years. The property features 20 units with a mix of (4) Studios, (11) 1 Br-1 Ba, and (5) 2 Bedrooms. More than half of the units have spacious, bi-level floorplans. Typical unit features consist of black/white appliances, wood cabinets, formica countertops, and hardwood/carpet flooring. Preston West Apartments was gut renovated in 2000 by the prior owner which included an update of the plumbing and electric. Current ownership replaced the roof in 2016, installed washer/dryers in 8 units, and renovated 6 units in 2024 with a scope of stainless steel appliances, new cabinets, resurfaced countertops, updated bathrooms, and LVT flooring. The opportunity exists for a new owner to continue the renovation scope on the remaining 14 units. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least 15% higher on average than the Subject property. Preston West Apartments has pre-existing debt that can be assumed. The current balance is $1,931,268 with a 4.30% interest rate and a maturity date of June 2027.