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Midwood Apartments 5001 Midwood Ave Immeuble residentiel 28 lots 2 502 323 € (89 369 €/Lot) Baltimore, MD 21212
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Opportunity to Acquire a Stabilized Garden Asset
- Excellent Location in Northeast Baltimore City
- Ability to Increase Rents Via Renovations
Résumé analytique
Harbor Stone Advisors is pleased to present Midwood Apartments, a stabilized garden asset. Located in Northeast Baltimore City, the property offers 28 spacious 2 Br-1 Ba units. Typical unit features include black appliances, formica countertops, wood cabinets, and carpet/tile/LVP flooring. Residents benefit from on-site amenities, including free public WiFi, a laundry room and a surface parking lot with 22 spaces.
Midwood Apartments underwent a comprehensive gut renovation by the previous owner in 2013. This included major upgrades to the electrical systems, plumbing, and HVAC, as well as new windows and a roof. The renovation also involved the build-out of a dedicated laundry room and interior unit updates.
There is a significant opportunity for a new owner to enhance the units further with premium interior finishes, such as granite countertops, white cabinets, and LVP flooring. The local rental market strongly supports higher-end renovations; comparable properties nearby are currently achieving average rents $160 higher than the Subject property. A new owner can further boost income by strategically increasing the proportion of voucher tenants. This approach offers the benefit of guaranteed rental income and allows for higher rental rates. Specifically, the addition of microwaves, dishwashers, and in-unit washer/dryers could generate an additional $100 in voucher rent. Furthermore, the current owner has begun raising the water reimbursement for new tenants to $49/month. A new owner can continue this rollout to renewing tenants, providing another avenue to increase property income.
Midwood Apartments underwent a comprehensive gut renovation by the previous owner in 2013. This included major upgrades to the electrical systems, plumbing, and HVAC, as well as new windows and a roof. The renovation also involved the build-out of a dedicated laundry room and interior unit updates.
There is a significant opportunity for a new owner to enhance the units further with premium interior finishes, such as granite countertops, white cabinets, and LVP flooring. The local rental market strongly supports higher-end renovations; comparable properties nearby are currently achieving average rents $160 higher than the Subject property. A new owner can further boost income by strategically increasing the proportion of voucher tenants. This approach offers the benefit of guaranteed rental income and allows for higher rental rates. Specifically, the addition of microwaves, dishwashers, and in-unit washer/dryers could generate an additional $100 in voucher rent. Furthermore, the current owner has begun raising the water reimbursement for new tenants to $49/month. A new owner can continue this rollout to renewing tenants, providing another avenue to increase property income.
Informations sur l’immeuble
| Prix | 2 502 323 € | Classe d’immeuble | C |
| Prix par lot | 89 369 € | Surface du lot | 0,61 ha |
| Type de vente | Investissement | Surface de l’immeuble | 3 252 m² |
| Nb de lots | 28 | Occupation moyenne | 96% |
| Type de bien | Immeuble residentiel | Nb d’étages | 3 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1964/2013 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 0,06/1 000 m² |
| Zonage | R-4 | ||
| Prix | 2 502 323 € |
| Prix par lot | 89 369 € |
| Type de vente | Investissement |
| Nb de lots | 28 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,61 ha |
| Surface de l’immeuble | 3 252 m² |
| Occupation moyenne | 96% |
| Nb d’étages | 3 |
| Année de construction/rénovation | 1964/2013 |
| Ratio de stationnement | 0,06/1 000 m² |
| Zonage | R-4 |
Caractéristiques
Caractéristiques du lot
- Broyeur d’ordures
- Chauffage
- Cuisine
- Baignoire/Douche
- Moquette
- Fenêtres à double vitrage
Caractéristiques du site
- Laverie
- Wi-Fi communautaire
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
1 sur 12
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Midwood Apartments | 5001 Midwood Ave
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