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1703-1705 Saint Paul 1703-1705 Saint Paul St 10 Unit Apartment Building $1,275,000 ($127,500/Unit) Baltimore, MD 21202
Investment Highlights
- Opportunity to Acquire a Renovated Asset in Station North
- Located in Station North; Less than a 10 Minute Walk to University of Baltimore
- Ability to Organically Increase Rents
Executive Summary
Harbor Stone Advisors is pleased to present 1703-1705 St Paul, a renovated asset located in Station North. The property is located less than a mile away from University of Baltimore and the Maryland Institute College of Art (MICA). 1703-1705 St Paul is also a 5-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.
The property features 10 units with a mix of (2) Studios and (8) 1 Br-1 Ba. Current ownership renovated the property in 2015, which included apartment upgrades. Typical unit features include stainless steel appliance packages, granite countertops, wood cabinets, LVT flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents at 1703-1705 St Paul. Comparable properties nearby are currently achieving rents at least 15% higher on average than the Subject property.
The property features 10 units with a mix of (2) Studios and (8) 1 Br-1 Ba. Current ownership renovated the property in 2015, which included apartment upgrades. Typical unit features include stainless steel appliance packages, granite countertops, wood cabinets, LVT flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents at 1703-1705 St Paul. Comparable properties nearby are currently achieving rents at least 15% higher on average than the Subject property.
Property Facts
| Price | $1,275,000 | Building Class | C |
| Price Per Unit | $127,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 6,500 SF |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | OR-1 | ||
| Price | $1,275,000 |
| Price Per Unit | $127,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,500 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | OR-1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 0409-039 | Improvements Assessment | $187,900 |
| Land Assessment | $90,000 | Total Assessment | $277,900 |
Property Taxes
Parcel Number
0409-039
Land Assessment
$90,000
Improvements Assessment
$187,900
Total Assessment
$277,900
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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1703-1705 Saint Paul | 1703-1705 Saint Paul St
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