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Midwood Apartments 5001 Midwood Ave 28 Unité Immeuble d’appartements 3 983 788 $ CAD (142 278 $ CAD/Unité) Baltimore, MD 21212
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Opportunity to Acquire a Stabilized Garden Asset
- Excellent Location in Northeast Baltimore City
- Ability to Increase Rents Via Renovations
Résumé de l'annonce
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.
Faits sur la propriété
| Prix | 3 983 788 $ CAD | Classe d’immeuble | C |
| Prix par unité | 142 278 $ CAD | Taille du lot | 1,51 AC |
| Type de vente | Investissement | Taille du bâtiment | 35 000 pi² |
| Nombre d’unités | 28 | Occupation moyenne | 96% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1964/2013 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 0,63/1 000 pi² |
| Zonage | R-4 | ||
| Prix | 3 983 788 $ CAD |
| Prix par unité | 142 278 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 28 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 1,51 AC |
| Taille du bâtiment | 35 000 pi² |
| Occupation moyenne | 96% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1964/2013 |
| Ratio de stationnement | 0,63/1 000 pi² |
| Zonage | R-4 |
Commodités
Commodités des unités
- Traitement des déchets
- Chauffage
- Cuisine
- Bain/Douche
- Tapis
- Fenêtres à double vitrage
Commodités du site
- Installations de lessive
- Wi-Fi communautaire
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
Impôts fonciers
| Numéro de lot | 5183C-014 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 967 809 $ CAD |
Impôts fonciers
Numéro de lot
5183C-014
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 967 809 $ CAD
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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Midwood Apartments | 5001 Midwood Ave
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