Harbor Stone Advisors is pleased to offer Whitelock Apartments, a value-add opportunity in Reservior Hill. The property's prime location is a few blocks from Druid Hill Park, a historic 745-acre urban park currently undergoing a significant $290 million renovation. This iconic park is home to the Maryland Zoo, numerous cultural landmarks, and extensive recreational amenities, including pools, sports fields, and trails.
Whitelock Apartments features (20) spacious apartments with a unit mix of (3) 1 Br-1 Ba, (13) 2 Br-1 Ba, and (4) 2 Br-2 Ba. Typical unit features consist of stainless steel appliances, granite countertops, wood cabinets, tile flooring, and in-unit washer/dryers. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least 15% higher on average than the Subject property.