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Ken Rogers Apartments

5509-5511 Kennison Ave, Baltimore, MD 21215

$550,000

20 Units | Multifamily

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Multifamily Property For Sale

Price:
$550,000
No. Units:
20
Building Size:
12,884 SF
Price/Unit:
$27,500
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Year Built:
1964
Lot Size:
0.60 AC
Listing ID
18439366
Last Updated
3 days ago

Find Out More...

Highlights

  • Redevelopment Opportunity
  • Stable Neighborhood
  • Close Proximity to Mass Transit

Description

The subject property is comprised of two garden style buildings set on two different parcels. Unit mix of (8) 1Br - 1Ba and (12) 2Br - 1Ba. The property is currently vacant and in need of substantial renovation. The building at 5509-5511 has many units that need to be taken down to the studs. 5517-5519 Kennison is in condition such that the building should not have to be gutted. Heating/cooling systems, balconies and roofs will need replacement in both buildings. 17 of the 20 units are currently down. Red brick exterior with accents along the front elevation of vinyl siding. 8 units in each building have access to a wood balcony. Heating was provided by individual hot water boilers and cooling via split air conditioner systems. Copper piping throughout. Separately metered for gas and electric.

The subject property is located in Northwest Baltimore within the Howard Park neighborhood. Close proximity to the Seton Business Park, where the Social Security Administration will be moving in Dec 2014 as well as Northwest Plaza which is anchored by K-Mart. Housing stock is a mix of single family residential and multifamily properties built between the 1940s and 1960s. Blocks to bus stops and within 1 mile of Baltimore Light rail.

Map of 5509-5511 Kennison Ave, Baltimore, MD 21215

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Presented by Sperry Van Ness / RealSite Commercial Group (Anthony Casalena)
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Justin's Other Listings (View All)

Asking Price Index Trends for Baltimore, MD Multifamily For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$61,372-2.9%-1.2%
-
Metro
$65,240-7.0%+3.2%
-
City
$60,974-3.8%+3.2%

View Baltimore Market Trends for other property types for sale or lease. Learn more about the chart info.

Ken Rogers Apartments
  • Multifamily
  • $550,000
  • 20 Units
  • 12,884 SF