714-716 N Fremont Ave - Apartments FOR SALE


Baltimore, MD 21217- Harlem Park
$860,000 USD
410-960-3962
714-716 N Fremont Ave, Baltimore, MD for Sale
$860,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

714-716 N Fremont Ave
Baltimore, MD 21217
Harlem Park


HIGHLIGHTS

  • Opportunity to Acquire a Mid-Sized Baltimore City Asset
  • Minimal Deferred Maintenance and a Long Term Master-Lease
  • Convenient Location in Baltimore City With Easy Access to Downtown Baltimore

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire 714-716 N Fremont, a Baltimore City asset. The property is located in close proximity to the Walters Art Museum, Lexington Market, and the newly renovated CFG Arena. 714-716 N Fremont features 7 units with a mix of (6) 1 Br-1 Ba and (1) Commercial unit. Typical unit features consist of stainless steel/white/black appliances, formica countertops, wood cabinets, and tile and carpeted flooring. At 714-716 N Fremont, the ground floor is currently leased to a rehabilitation company specializing in outpatient rehabilitation housing through September 2031 with a 3% annual rent increase. The commercial tenant has a master-lease structure with the residential units through September 2031. The Master-lease provides certainty of rental income.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

7

PRICE/UNIT

$122,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

714 - 716 N Fremont

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R-8

APN/PARCEL ID

0104-055

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.