410-960-3962
1517 Eastern Ave, Baltimore, MD for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

1517 Eastern Ave
Baltimore, MD 21231
Fells Point


HIGHLIGHTS

  • Opportunity to Acquire a Mid-Sized Luxury Asset in Fells Point.
  • New Construction Leaves Minimal Deferred Maintenance for a New Owner.
  • Excellent Location in East Baltimore.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Monica

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,828 SF

ZONING

C-1

APN/PARCEL ID

1444-055

ASK ABOUT THIS PROPERTY

Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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