3442 Auchentoroly Ter - Apartments FOR SALE


Baltimore, MD 21217- Woodbrook
$950,000 USD
410-960-3962
3442 Auchentoroly Ter, Baltimore, MD for Sale
$950,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3442 Auchentoroly Ter
Baltimore, MD 21217
Woodbrook


HIGHLIGHTS

  • Opportunity to Acquire a Stabilized Multifamily Asset with Value-Add Potential in Northwest Baltimore
  • Ability to Create Value and Increase Rents
  • Excellent Location in Northwest Baltimore, Across the Street from Druid Hill Park

OVERVIEW

Harbor Stone Advisors is pleased to offer 3442 Auchentoroly Terrace, a value-add opportunity in Northwest Baltimore City. The property's prime location is directly across from Druid Hill Park, a historic 745-acre urban park currently undergoing a significant $290 million renovation. This iconic park is home to the Maryland Zoo, numerous cultural landmarks, and extensive recreational amenities, including pools, sports fields, and trails. Residents also benefit from being within walking distance of The Village at Mondawmin, a $25 million redevelopment project transforming the former Target at Mondawmin Mall into a center for health, elderly care, childcare, and workforce training. 3442 Auchentoroly Terrace features (11) spacious apartments with a unit mix of (2) Studios, (8) 1 Br-1 Ba, and (1) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least $200 higher on average than the Subject property.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

11

PRICE/UNIT

$86,364

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-8

APN/PARCEL ID

13-05-3236-025B

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 Notice.