711 Gladstone Ave - Apartments FOR SALE


Baltimore, MD 21210- Wyndhurst
$1,100,000 USD
410-235-9500
711 Gladstone Ave, Baltimore, MD for Sale
$1,100,000 USD
Apartments - FOR SALE
1/42
null | 6.83% Cap Rate

711 Gladstone Ave
Baltimore, MD 21210
Wyndhurst


HIGHLIGHTS

  • Roland Park neighborhood has a high reputation, attracting high quality tenants. One of the City’s best schools is within 3 blocks.
  • 3 fully renovated apartments attract tenants paying high rents as they feature renovated kitchens and baths with quartz counters, shaker cabinets, etc
  • Tenant-Paid Utilities: Lower landlord expenses and stronger net operating income.

OVERVIEW

Interiors: 711 Gladstone offers five large, well-laid-out apartments. 3 apartments have been fully renovated with quartz counters, wood shaker cabinets, and modern appliance packages featuring 30” gas ranges, built-in microwaves, dishwashers, and disposals. Renovated bathrooms have modern vanities and ceramic tile floors and showers. Two older condition apartments include kitchens with laminate counters, laminate or metal cabinets, and 30” electric ranges along with bathrooms wall hung sinks and cast iron tubs. There is a washer and dryer inside each apartment, a highly desirable amenity for tenants. Utilities: The property is set up with six electric meters and a single gas meter. Tenants pay all utilities, including the gas bill for the property, public service electric and water/sewer fees. Heating systems vary by unit: three renovated apartments are served by either high-efficiency gas furnaces or electric heat pumps with central air, while two apartments use wall-mounted Rinnai boilers with radiator distribution, with tenants supplying their own air conditioning units. Hot water comes from three individual electric water heaters, with two apartments sharing a fourth. Plumbing upgrades include copper and C-PVC supply lines with PVC drain lines; the main water service line is copper. What’s Special About Roland Park: Located on a quiet street just off Roland Avenue, 711 Gladstone places residents two blocks from the Roland Park retail district, where they can grab coffee at Starbucks or shop for groceries and prepared meals at Eddie’s. Tenants benefit from living in one of Baltimore’s wealthiest neighborhoods, enjoying a quiet, suburban feel while remaining close to City amenities. The Stony Run stream, along with a popular tree-shaded walking/biking trail, are located just one block down the street. Roland Avenue’s dedicated bike lane and Gladstone Avenue’s quiet, one-way layout create a walkable and bike-friendly environment. The property sits just over a mile from I-83, providing quick access to both downtown Baltimore and northern suburbs. Top-rated schools, including Gilman and Roland Park Country School, are within a half mile.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

6.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,375 SF

ZONING

R-3

APN/PARCEL ID

4924-008

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.