Harbor Stone Advisors is pleased to present 2300 North Calvert Apartments, a well-maintained multifamily asset located in the Old Goucher neighborhood of Baltimore City. The property is located one mile away from the John Hopkins University, one of the most prestigious universities in the country. 2300 North Calvert Apartments is also a short walk away from multiple JHU shuttle stops. The JHU Shuttle not only makes stops at the main university campus, but also stops at Penn Station, Johns Hopkins Hospital, and the Peabody Institute of the Johns Hopkins University.
The property features 15 spacious apartments with a unit mix of (4) 1 Br-1 Ba and (11) 2 Br-2 Ba. The property underwent a gut renovation in 2013 and were originally created as condos. Typical unit features consist of white appliances, wood cabinets, formica countertops, carpet/tile flooring, and in-unit washer/dryers. 2300 North Calvert Apartments also has 14 surface parking spaces.
The opportunity exists for a new owner to renovate all of the units at 2300 North Calvert with a suggested scope of stainless steel appliances, granite countertops, updated bathrooms, and LVT flooring. The market is accepting of higher-end renovations and comparable properties nearby are currently achieving rents at least 15% higher on average than the Subject property. A new owner can also implement a charge for parking as it is currently not monetized.