38-50 W Biddle | 38 W Biddle St
Cette fonctionnalité n’est pas disponible pour le moment.
Nous sommes désolés, mais la fonctionnalité à laquelle vous essayez d’accéder n’est pas disponible actuellement. Nous sommes au courant du problème et notre équipe travaille activement pour le résoudre.
Veuillez vérifier de nouveau dans quelques minutes. Veuillez nous excuser pour ce désagrément.
– L’équipe LoopNet
Votre e-mail a été envoyé.
38-50 W Biddle 38 W Biddle St Immeuble residentiel 36 lots 4 260 000 € (118 333 €/Lot) Taux de capitalisation 4,07 % Baltimore, MD 21201
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Value-Add Opportunity in Historic Mount Vernon
- Current balance is $3,248,676 with a 4.07% interest rate and a maturity date of October 2027.
- 6.6% Year over Year Rent Growth, 7.6% Annualized Rent Growth Every Year for Last 3 Years
- Ability to Renovate Units and Increase Rents
- Located in Historic Mount Vernon; 3 Minute Walk to University of Baltimore
RÉSUMÉ ANALYTIQUE
Harbor Stone Advisors is pleased to present Apartments on Biddle, a well-maintained multifamily asset located in Historic Mount Vernon. The property is a 3 minute walk away from The University of Baltimore Campus and the Social Security Administration and just a 6 minute walk away from UMMC Midtown Campus and MICA (Maryland Institute College of Art). 38-50 W Biddle Street is also less than half mile away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.
The property features 36 units with a mix of (9) Studios, (16) 1 Br-1 Ba, (9) 2 Bedrooms and (1) 3 Br-2 Ba, as well as 1 commercial space. The commercial space is leased to a long term commercial tenant through March 2027. Typical unit features consist of white/stainless steel appliances, wood cabinets, formica countertops, and hardwood/plank/carpet flooring. The property also has a surface parking lot behind the building with 12 spaces. Current ownership has completed a handful of capital improvements such as some roof and hot water heater replacements, updated the electric, installed Central HVAC in 5 units, and installed washer/dryers in the majority of units.
Current ownership has renovated 17 units between 2017 and 2025, and has 1 additional renovation scheduled this year. The opportunity exists for a new owner to renovate the remaining 17 classic units at Apartments on Biddle with a suggested scope of stainless steel appliances, resurfaced countertops, new cabinets, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least 20% higher on average than the Subject property. 38-50 W Biddle Street has pre-existing debt that can be assumed. The current balance is $3,248,676 with a 4.07% interest rate and a maturity date of October 2027.
The property features 36 units with a mix of (9) Studios, (16) 1 Br-1 Ba, (9) 2 Bedrooms and (1) 3 Br-2 Ba, as well as 1 commercial space. The commercial space is leased to a long term commercial tenant through March 2027. Typical unit features consist of white/stainless steel appliances, wood cabinets, formica countertops, and hardwood/plank/carpet flooring. The property also has a surface parking lot behind the building with 12 spaces. Current ownership has completed a handful of capital improvements such as some roof and hot water heater replacements, updated the electric, installed Central HVAC in 5 units, and installed washer/dryers in the majority of units.
Current ownership has renovated 17 units between 2017 and 2025, and has 1 additional renovation scheduled this year. The opportunity exists for a new owner to renovate the remaining 17 classic units at Apartments on Biddle with a suggested scope of stainless steel appliances, resurfaced countertops, new cabinets, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least 20% higher on average than the Subject property. 38-50 W Biddle Street has pre-existing debt that can be assumed. The current balance is $3,248,676 with a 4.07% interest rate and a maturity date of October 2027.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 4 260 000 € | Classe d’immeuble | C |
| Prix par lot | 118 333 € | Surface du lot | 0,11 ha |
| Type de vente | Investissement | Surface de l’immeuble | 2 619 m² |
| Taux de capitalisation | 4,07 % | Occupation moyenne | 94% |
| Nb de lots | 36 | Nb d’étages | 4 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1900/2025 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,04/1 000 m² |
| Style d’appartement | De hauteur moyenne | ||
| Zonage | OR-2 | ||
| Prix | 4 260 000 € |
| Prix par lot | 118 333 € |
| Type de vente | Investissement |
| Taux de capitalisation | 4,07 % |
| Nb de lots | 36 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,11 ha |
| Surface de l’immeuble | 2 619 m² |
| Occupation moyenne | 94% |
| Nb d’étages | 4 |
| Année de construction/rénovation | 1900/2025 |
| Ratio de stationnement | 0,04/1 000 m² |
| Zonage | OR-2 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Lave-vaisselle
- Machine à laver/sèche-linge
- Chauffage
- Sols carrelés
- Cuisine
- Planchers en bois
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Cuisinière
- Baignoire/Douche
- Moquette
- Sol en vinyle
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| Studios | 3 | - | 49 |
| 1+1 | 8 | - | 56 |
| 2+1 | 6 | - | 65 |
1 of 1
Walk Score®
Idéal pour les promeneurs (98)
Transit Score®
Un paradis pour l’usager (98)
Bike Score®
Très praticable en vélo (89)
TAXES FONCIÈRES
| Numéro de parcelle | 0482-001 | Évaluation des aménagements | 232 340 € |
| Évaluation du terrain | 84 348 € | Évaluation totale | 316 688 € |
TAXES FONCIÈRES
Numéro de parcelle
0482-001
Évaluation du terrain
84 348 €
Évaluation des aménagements
232 340 €
Évaluation totale
316 688 €
CONTACTS
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
1 de 15
VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
1 of 1
Présenté par
38-50 W Biddle | 38 W Biddle St
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.