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 Opportunity for 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 August 2025. The same tenant also has individual leases in all residential units through November 2025. A new owner will have the opportunity to turn existing leasing into a long term master lease; providing certainty of rental income through that time. A new owner has the opportunity to negotiate an extension of the individual leases or rent the units to market rate tenants upon the end of the term.

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

16-15-0104-055

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 Policy.