1703-1705 Saint Paul St - Apartments FOR SALE


Baltimore, MD 21202- Station North Arts District
$1,275,000 USD
410-960-3962
1703-1705 Saint Paul St, Baltimore, MD for Sale
$1,275,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1703-1705 Saint Paul St
Baltimore, MD 21202
Station North Arts District


HIGHLIGHTS

  • Opportunity to Acquire a Renovated Asset in Station North
  • Ability to Organically Increase Rents
  • Located in Station North; Less than a 10 Minute Walk to University of Baltimore

OVERVIEW

Harbor Stone Advisors is pleased to present 1703-1705 St Paul, a renovated asset located in Station North. The property is located less than a mile away from University of Baltimore and the Maryland Institute College of Art (MICA). 1703-1705 St Paul is also a 5-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years. The property features 10 units with a mix of (2) Studios and (8) 1 Br-1 Ba. Current ownership renovated the property in 2015, which included apartment upgrades. Typical unit features include stainless steel appliance packages, granite countertops, wood cabinets, LVT flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents at 1703-1705 St Paul. Comparable properties nearby are currently achieving rents at least 15% higher on average than the Subject property.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

10

PRICE/UNIT

$127,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1703-1705 Saint Paul

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,962 SF

ZONING

OR-1

APN/PARCEL ID

12-09-0409-039

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.