Harbor Stone Advisors is pleased to present 1041 St Paul, a gut-renovated multifamily asset located in Historic Mount Vernon. The property is a 6-minute walk from the University of Baltimore and less than a half mile from the UMMC Midtown Campus. 1041 St Paul is also a 10-minute walk from Penn Station, which is undergoing $150 million worth of renovations over the next several years. The property features 9 units with a mix of (3) Studio and (6) 1 Br-1 Ba. Current ownership completed a gut renovation of the property in 2019, leaving minimal deferred maintenance for a new owner. Typical unit features consist of white/black/stainless steel appliances, wood cabinets, granite countertops, hardwood/LVT flooring, and washer/dryers in some units. In addition to unit renovations, the current owner also replaced the roof, painted the exterior and commons areas, and replaced a handful of HVACs and mini-splits. The opportunity exists for a new owner to organically increase rents at 1041 St Paul, as they are currently under market. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least 15% higher on average than the Subject property. There is also an ability for a new owner to continue the implementation of a water reimbursement program to all units and increase the monthly amounts.