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1100 Ramblewood Rd 286 Unité Immeuble d’appartements 30 490 141 $ CAD (106 609 $ CAD/Unité) Baltimore, MD 21239
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Faits saillants de l'investissement
- 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.
Résumé de l'annonce
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.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Faits sur la propriété
| Prix | 30 490 141 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 106 609 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du bâtiment | 465 843 pi² |
| Nombre d’unités | 286 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1948/2024 |
| Zonage | R5 | ||
| Prix | 30 490 141 $ CAD |
| Prix par unité | 106 609 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 286 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du bâtiment | 465 843 pi² |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1948/2024 |
| Zonage | R5 |
1 1
Moyennement praticable à pied
70/100
Assez facile d’accès en voiture
50/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
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1100 Ramblewood Rd
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