Kernan Gardens is a 55-unit garden-style apartment community located along the Baltimore City and Baltimore County line within Baltimore's Franklintown submarket. The property features a balanced unit mix of one-bedroom and two-bedroom apartments and is currently operating at full occupancy, providing immediate in-place income while offering future upside through strategic asset enhancement.
The investment presents an opportunity to increase revenue through targeted interior upgrades. Existing rents are below comparable properties in the surrounding market, creating the potential for rent growth through cosmetic renovations such as updated cabinetry, modern finishes, luxury vinyl plank flooring, stainless steel appliances, and other resident-focused improvements. Additional value may be achieved through the introduction of in-unit laundry facilities where feasible.
Kernan Gardens also benefits from strong regional accessibility. Located minutes from Interstate 70 and Interstate 695, the property provides residents with convenient connections to major employment centers, retail destinations, educational institutions, and the broader Baltimore metropolitan area. Nearby demand drivers include the Social Security Administration campus, Security Square retail corridor, local schools, parks, and neighborhood shopping destinations.
With stabilized occupancy, immediate cash flow, and identifiable value-add opportunities, Kernan Gardens offers investors a multifamily asset with both current income and long-term growth potential in an established Baltimore location.