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.