Harbor Stone Advisors is pleased to present the opportunity to acquire Pigtown Apartments, a fully occupied gut-renovated asset located in the Pigtown neighborhood of Baltimore City. The property is a 10 minute walk away from University of Maryland, Baltimore and University of Maryland Medical Center (UMMC), two of Baltimore City’s top employers. Pigtown Apartments features 6 expansive units with a mix of (4) 2 Br-1.5 Ba and (2) 3 Br-2.5 Ba. There are also 4 surface parking spaces located behind the building. Typical unit features consist of stainless steel appliances, wood cabinets, granite countertops, hardwood/carpet/tile flooring, and in-unit washer/dryers. Former ownership completed a gut renovation of the property in 2011 which included the creation of condo-style units, replacement of all framing systems, and updated mechanical and electrical systems. The current owner has performed a handful of capital improvements including replacement of the roof, new carpet in five units, and some HVAC and appliance upgrades. The opportunity exists for a new owner to focus on organic rent growth as similar properties nearby are achieving rents $200 higher on average than the Subject property. A new owner also has the ability to lightly update the units with modern lighting and fixtures, as well as monetizing the parking spaces.