3921 Maine Ave - Apartments FOR SALE


Baltimore, MD 21207- Central Forest Park
$765,000 USD
410-960-3962
3921 Maine Ave, Baltimore, MD for Sale
$765,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3921 Maine Ave
Baltimore, MD 21207
Central Forest Park


HIGHLIGHTS

  • Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
  • Value Add Potential Via Rent Growth and Renovation Two Remaining Classic Units
  • Located in Central Forest Park Area of NW Baltimore City

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire Maine Apartments, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of 8 spacious units, with a mix of (6) 1 Br-1 Ba and (2) 2 Br-1 Ba. Current ownership renovated all but two units between 2020 and 2021 with a scope of new appliances, updated cabinets and countertops, refreshed bathrooms, and vinyl flooring. The opportunity exists for a new owner to continue the existing renovation scope on the two remaining classic units, while also organically increasing rents. Comparable properties in the area are achieving rents $200 higher on average than the Subject property.

FOR SALE DETAILS

PRICE

$765,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

8

PRICE/UNIT

$95,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,971 SF

ZONING

R-1-E

APN/PARCEL ID

2735-003

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.