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711 Gladstone Ave 5 Unité Immeuble d’appartements 1 290 467 $ CAD (258 093 $ CAD/Unité) 8,22% Taux de capitalisation Baltimore, MD 21210
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Strong Day-One Return: Acquire a Roland Park apartment building with an in-place cap rate of 7.27% and a projected 7.1% cash-on-cash return.
- Recently Renovated Apartments: 4 apartments feature renovated kitchens and baths with quartz counters, shaker cabinets, ceramic tile, & new appliances
- Premier Roland Park Location: One of Baltimore’s most desirable neighborhoods, attracting high-quality tenants.
Résumé de l'annonce
711 Gladstone Avenue presents a rare opportunity to acquire a substantially renovated five-unit apartment building in Roland Park with strong income from day one and additional upside through modest rent growth. Offered at $925,000, the property generates $109,999 in effective annual income and offers a 7.27% in-place cap rate. Modest rent increases are projected to increase the cap rate to 8.22%, giving investors both a strong current return and near-term upside.
The property has already undergone substantial improvements, limiting the amount of work required by a new owner. Four of the five apartments have been fully renovated with quartz countertops, wood shaker cabinets, new 30-inch gas ranges, built-in microwaves, dishwashers, and disposals. Renovated bathrooms feature modern vanities and shower stalls, and every apartment includes an in-unit washer and dryer. The newly completed terrace-level apartment offers one bedroom plus a den, while the first-floor two-bedroom apartment spans the entire floor and provides direct access to the large backyard.
Recent building improvements extend beyond the apartment interiors. The property has 400-amp electrical service, six electric meters and five gas meters, allowing tenants to pay their individual gas and electric consumption. Each apartment is served by a high-efficiency gas furnace with central air conditioning, and the largely newer mechanical systems help reduce near-term capital expenditure and maintenance exposure at future turnovers.
At $185,000 per unit and $221 per square foot, 711 Gladstone combines a 7.27% in-place cap rate, projected upside to 8.22%, four renovated apartments, tenant-paid utilities, and substantially updated building systems in one of Baltimore’s most established residential neighborhoods.
The property has already undergone substantial improvements, limiting the amount of work required by a new owner. Four of the five apartments have been fully renovated with quartz countertops, wood shaker cabinets, new 30-inch gas ranges, built-in microwaves, dishwashers, and disposals. Renovated bathrooms feature modern vanities and shower stalls, and every apartment includes an in-unit washer and dryer. The newly completed terrace-level apartment offers one bedroom plus a den, while the first-floor two-bedroom apartment spans the entire floor and provides direct access to the large backyard.
Recent building improvements extend beyond the apartment interiors. The property has 400-amp electrical service, six electric meters and five gas meters, allowing tenants to pay their individual gas and electric consumption. Each apartment is served by a high-efficiency gas furnace with central air conditioning, and the largely newer mechanical systems help reduce near-term capital expenditure and maintenance exposure at future turnovers.
At $185,000 per unit and $221 per square foot, 711 Gladstone combines a 7.27% in-place cap rate, projected upside to 8.22%, four renovated apartments, tenant-paid utilities, and substantially updated building systems in one of Baltimore’s most established residential neighborhoods.
Faits sur la propriété
| Prix | 1 290 467 $ CAD | Style d’appartement | Maison unifamiliale |
| Prix par unité | 258 093 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,34 AC |
| Taux de capitalisation | 8,22% | Taille du bâtiment | 4 180 pi² |
| Multiplicateur du loyer brut | 8.2 | Occupation moyenne | 100% |
| Nombre d’unités | 5 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1900/2025 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,2/1 000 pi² |
| Zonage | R-3 - R3 - Autorisé pour 5 unités d'habitation | ||
| Prix | 1 290 467 $ CAD |
| Prix par unité | 258 093 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 8,22% |
| Multiplicateur du loyer brut | 8.2 |
| Nombre d’unités | 5 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Maison unifamiliale |
| Classe d’immeuble | C |
| Taille du lot | 0,34 AC |
| Taille du bâtiment | 4 180 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1900/2025 |
| Ratio de stationnement | 1,2/1 000 pi² |
| Zonage | R-3 - R3 - Autorisé pour 5 unités d'habitation |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Bain/Douche
- Comptoirs en quartz
Commodités du site
- Accès 24 heures
- CVCA contrôlé par le locataire
- Espace de jeu pour animaux de compagnie
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 4 | - | 750 |
| 2+1 | 1 | - | 1 000 |
1 1
Moyennement accessible à pied
70/100
Moyennement adapté aux voitures
70/100
Transports en commun limités
30/100
Moyennement accessible en vélo
70/100
Impôts fonciers
| Numéro de lot | 4924-008 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 684 761 $ CAD |
Impôts fonciers
Numéro de lot
4924-008
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
684 761 $ CAD
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711 Gladstone Ave
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