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1521 Park Ave 5 Unit Apartment Building $892,509 CAD ($178,502 CAD/Unit) Baltimore, MD 21217
Investment Highlights
- Opportunity to Acquire a Multifamily Asset in Bolton Hill
- Excellent Location in Bolton Hill
- Ability to Increase Rents Via Renovation Program
Executive Summary
Harbor Stone Advisors is pleased to present the opportunity to acquire 1521 Park Avenue, a multifamily asset located in the Bolton Hill neighborhood of Baltimore City. 1521 Park Avenue features 5 units with a mix of (1) Studio and (4) 1 Br-1 Ba. Typical unit features consist of white/black/stainless steel appliances, wood cabinets, hard surface countertops, and hardwood/ceramic tile flooring. Bolton Hill is home to 20 blocks of mostly preserved, historic buildings and numerous monuments and parks. Residents of 1521 Park are just a short walk away from Baltimore Penn Station, Maryland Institute College of Art (MICA), and University of Baltimore.
The opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $200 higher compared to the Subject property.
The opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $200 higher compared to the Subject property.
Property Facts
| Price | $892,509 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $178,502 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 5 | Building Size | 4,095 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1880/2023 |
| Zoning | R-7 | ||
| Price | $892,509 CAD |
| Price Per Unit | $178,502 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,095 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2023 |
| Zoning | R-7 |
Amenities
Unit Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0369-012 | Improvements Assessment | $384,465 CAD |
| Land Assessment | $137,309 CAD | Total Assessment | $521,774 CAD |
Property Taxes
Parcel Number
0369-012
Land Assessment
$137,309 CAD
Improvements Assessment
$384,465 CAD
Total Assessment
$521,774 CAD
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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1521 Park Ave
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