*LIST PRICE IS OPENING BID - ONLINE AUCTION*
Harbor Stone Advisors is pleased to present the opportunity to acquire 2001 Eastern Ave., a renovated asset located in Southeast Baltimore City. The property is conveniently located between the Fells Point and Canton neighborhoods, and is just steps away from numerous shops, bars, and restaurants. 2001 Eastern Ave. features (4) 2 Br-1 Ba units and (1) commercial space. The commercial space is leased to Mid-Atlantic Spinal Rehab and Chiropractic through July 2027.
Prior ownership completed a renovation of the building in 2020 which included apartment renovations. Typical unit features consist of black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents as they are currently under market. Comparable properties in the area are achieving rents $300 higher on average.
GUIDED TOUR, THURSDAY, OCTOBER 30TH STARTING AT 11AM
Alex Cooper and Harbor Stone Advisors are pleased to present the opportunity to acquire 2001-2003 Eastern Ave., a renovated asset located in Southeast Baltimore City. The property is conveniently located in the Fells Point neighborhood, just steps away from numerous shops, bars and restaurants. Property features (4) 2 Bedroom 1 Bath units and (1) commercial space. The commercial space is leased through July 2027.
Prior ownership completed a renovation of the building in 2020. Typical unit features consist of:
• Black/stainless steel appliances w/microwave
• Granite counter-tops
• Hardwood flooring
• Dishwasher & in-unit washer/dryers
The opportunity exists for a new owner to organically increase rents as they are currently under market.
Units are separately metered for gas and electric. Landlord pays hot water but is reimbursed by tenant for water/sewer expense.
2001 Eastern is surrounded by the city’s most affluent and well-educated residents. Over half of all households rent within a mile of the property, yielding roughly $120,000 in household income. These elevated incomes are more than double the average across the city.
Unit 1 - Mid-Atlantic Spinal Rehab & Chiropractic 1,500/Sq. Ft. $2,948.79/month
Unit A - Residential 690/Sq. Ft. $1,911.68 plus $35/month utilities
Unit B - Residential 690/Sq. Ft. $1,646.97 plus $35/month utilities
Unit C - Residential 690/Sq. Ft. $1,650.00 plus $35/month utilities
Unit D - Residential 690/Sq. Ft. $1,746.88 plus $35/month utilities
Current Scheduled Montly Rent $9,904.32 + $140 in Utilities
Current Scheduled Annual Rent $118,851.84 + $1,680 in Utilities
Diligence Package: A copy of the rent roll, lead certificate, MFD Licenses and purchase and sale agreement with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Thursday, October 30th and ends Tuesday, November 4, 2025 at 12:00 PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.