Log In/Sign Up
Your email has been sent.
1100 Ramblewood Rd 286 Unit Apartment Building $30,490,141 CAD ($106,609 CAD/Unit) Baltimore, MD 21239
Investment Highlights
- 286-Unit Value-Add Opportunity | ~10% Stabilized Yield
- 73 renovated rent-ready units and 18 heavy turns, offering a clear path to materially increase occupancy and revenue.
- $3.5M Invested | 154 Units Renovated
- Large-scale multifamily community with centralized on-site leasing, driving operational efficiency and lower per-unit costs.
- $215/Unit Rent Gap to Market
- Potential to convert lower-level spaces, increasing density and overall income.
Executive Summary
Yorkewood Apartments offers a rare opportunity to acquire a 286-unit value-add community in Northeast Baltimore with upside driven by lease-up and operational improvements.
With a ~$215 rent gap between in-place and market rents, investors can drive revenue while remaining below competing assets. Stabilization over 24 months supports a projected 10.35% pro forma cap rate.
Ownership has invested $3.5M ($19K/unit) into renovations, positioning the next owner to focus on leasing vacancy rather than heavy CapEx. Additional upside includes the potential to convert ~25 lower-level spaces into new units and implement energy efficiency improvements.
The property is located near Morgan State University, Towson University, Loyola University Maryland, Johns Hopkins University, and MedStar Good Samaritan Hospital, along with nearby retail l and convenient access to MTA bus routes.
With a ~$215 rent gap between in-place and market rents, investors can drive revenue while remaining below competing assets. Stabilization over 24 months supports a projected 10.35% pro forma cap rate.
Ownership has invested $3.5M ($19K/unit) into renovations, positioning the next owner to focus on leasing vacancy rather than heavy CapEx. Additional upside includes the potential to convert ~25 lower-level spaces into new units and implement energy efficiency improvements.
The property is located near Morgan State University, Towson University, Loyola University Maryland, Johns Hopkins University, and MedStar Good Samaritan Hospital, along with nearby retail l and convenient access to MTA bus routes.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Property Facts
| Price | $30,490,141 CAD | Property Subtype | Apartment |
| Price Per Unit | $106,609 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 465,843 SF |
| No. Units | 286 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2024 |
| Zoning | R5 | ||
| Price | $30,490,141 CAD |
| Price Per Unit | $106,609 CAD |
| Sale Type | Investment |
| No. Units | 286 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 465,843 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2024 |
| Zoning | R5 |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
1 of 48
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1100 Ramblewood Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.