443-523-6865
125 W Saratoga St, Baltimore, MD for Sale
Apartments - FOR SALE
1/45
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125 W Saratoga St
Baltimore, MD 21201
Historic Baltimore


HIGHLIGHTS

  • Opportunity to Acquire a Luxury Asset in Downtown Baltimore City
  • Historic Renovation with Condo-Grade Finishes
  • Value Add Potential via Organic Rent Growth and Reimbursements
  • Excellent Location in Downtown Baltimore

OVERVIEW

Harbor Stone Advisors is pleased to present Saratoga Lofts, a gut-renovated luxury asset located in Downtown Baltimore City. The property is conveniently situated within a 10-minute walk of three major local employers: Mercy Medical Center, University of Maryland Medical Center (UMMC), and UMMC Midtown Campus. The building comprises 19 spacious apartments, featuring a mix of (5) one-bedroom and (14) two-bedroom units. Most units are bi-level layouts and include private balconies. Originally converted from a church in 2015 with a condo-grade design, the property has undergone a comprehensive renovation. Typical unit finishes include stainless steel appliances, granite countertops, wood cabinetry, hardwood/tile/carpet flooring, and in-unit washer/ dryers. Residents also benefit from unique amenities for a property of this size, including a fitness room with a sauna, a storage room, and a gated surface parking lot with 8 spaces. The opportunity exists for a new owner to organically increase rents at Saratoga Lofts. Furthermore, there is significant potential to expand the existing water reimbursement program; currently, only a few units participate, allowing for its implementation across all units upon renewal and/or new lease.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

19

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saratoga Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1873

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,079 SF

ZONING

C-5-HT

APN/PARCEL ID

04-10-0599-010

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.