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- LoopNet Team
2111 Garrison Blvd
Baltimore, MD 21216
Addison Place Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Multiple Value Add Opportunities
- Easy Access to Public Transportation
- Limited Lead Free
- Located in Northwest Baltimore
- Self Contained Units
- Many of the Units Have Balconies
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.71 AC |
| Property Type | Multifamily | Building Size | 52,592 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1930 |
| Zoning | R-7 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 52,592 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R-7 |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
ABOUT 2111 GARRISON BLVD , BALTIMORE, MD 21216
The Addison Place Apartments represents a value add opportunity to acquire a 36-unit mid-rise building in Northwest Baltimore. Unit mix of (1) Studio, (6) 1 Br-1 Ba, (8) 2 Br-1 Ba, and (21) 2 Br-1 Ba- Den. Some of the units have seen recent improvements via flooring upgrades. Value creation opportunities exist via occupancy stabilization, management reposition, adding voucher based tenants, updating kitchens / baths and leasing to market rents, and adding onsite laundry. Each unit is self contained, and separately metered for gas and electric. Many units have balconies. Ample off street parking and in close proximity to public transportation. Limited lead free.
PROPERTY TAXES
| Parcel Number | 3018-005 | Improvements Assessment | $1,170,200 |
| Land Assessment | $247,200 | Total Assessment | $1,417,400 |
PROPERTY TAXES
