Monument West is
a mixed-use Property featuring five apartments and one retail space. The
offering is a unique opportunity in the premium neighborhood of Mount
Vernon in Baltimore, Maryland. The commercial unit is leased to a hair
salon, which pays a significant portion of the Property' s water bill as well as
Property taxes. The salon, as well the first floor rear residential unit, feature
central air conditioning while the remaining four apartments are cooled by
window units. Monument West has on-site laundry owned by the building
in the second floor hallway. All of the residential units are leased below
comparable rates on the 200 block of West Monument Street.
The Property is situated in the Midtown Special Benefits District, a
community non-profit dedicated to making the neighborhoods of Bolton
Hill, Charles North (Station North), Madison Park, and Mount Vernon-
Belvedere cleaner, safer and more desirable by providing additional
municipal services such as sanitation. The rate for the surcharge of these
services for Monument West is $440.
Currently the second highest-rated hospital in Maryland, directly behind the Property sits the University of Maryland Medical Center, boasting 725 beds, over 500 doctors, and 1,400 employees. Also within walking distance of the subject Property are the University of Baltimore Law School, the Maryland Institute College of Art (MICA), the Baltimore School for the Arts, and the renowned Johns Hopkins Peabody Institute and Conservatory. Monument West is directly across the street from the Maryland Historical Society and residents are in close proximity to a bevy of other major employers in
Downtown Baltimore and the Baltimore Inner Harbor including Under Armour, T. Rowe Price, M&T Bank, and Exelon, which collectively provide jobs for more than 6,600 people.
