Harbor Stone Advisors is pleased to present the opportunity to acquire The Monica, a newly constructed, luxury asset located in the Fells Point neighborhood of Baltimore City. The Monica is less than a 5-minute walk away from the main streets in Fells Point and Harbor East, which are home to numerous restaurants, bars, and shops.
The Monica features 18 units with a mix of (10) 2 Br-1 Ba, (7) 2 Br-2 Ba, and (1) 3 Br-2 Ba as well as (1) ground floor commercial space. The property was constructed in 2024 and is awaiting final certificate of occupancy. Typical unit features consist of stainless steel appliances, quartz countertops, faux wood vinyl/carpet/ceramic tile flooring, in-unit washer/dryers, and high-end finishes.
The opportunity exists for a new owner to lease up the property and commercial space. There is also an opportunity for a new owner to apply for a High Performance Tax Credit to achieve future tax savings.