841-847 Whitelock St - Apartments FOR SALE


Baltimore, MD 21217- Reservoir Hill
$2,150,000 USD
240-444-4656
841-847 Whitelock St, Baltimore, MD for Sale
$2,150,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

841-847 Whitelock St
Baltimore, MD 21217
Reservoir Hill


HIGHLIGHTS

  • Opportunity to Acquire a Stabilized Multifamily Asset with Value-Add Potential in Reservoir Hill
  • Ability to Create Value and Increase Rents
  • Excellent Location in Reservoir Hill, Blocks Away from Druid Hill Park

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

20

PRICE/UNIT

$107,500

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitelock Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,135 SF

ZONING

R-7

APN/PARCEL ID

13-10-3459-031

ASK ABOUT THIS PROPERTY

Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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