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.