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3442 Auchentoroly Ter 11 Unit Apartment Building $950,000 ($86,364/Unit) Baltimore, MD 21217
Investment Highlights
- Opportunity to Acquire a Stabilized Multifamily Asset with Value-Add Potential in Northwest Baltimore
- Excellent Location in Northwest Baltimore, Across the Street from Druid Hill Park
- Ability to Create Value and Increase Rents
Executive Summary
Harbor Stone Advisors is pleased to offer 3442 Auchentoroly Terrace, a value-add opportunity in Northwest Baltimore City. The property's prime location is directly across from Druid Hill Park, a historic 745-acre urban park currently undergoing a significant $290 million renovation. This iconic park is home to the Maryland Zoo, numerous cultural landmarks, and extensive recreational amenities, including pools, sports fields, and trails. Residents also benefit from being within walking distance of The Village at Mondawmin, a $25 million redevelopment project transforming the former Target at Mondawmin Mall into a center for health, elderly care, childcare, and workforce training.
3442 Auchentoroly Terrace features (11) spacious apartments with a unit mix of (2) Studios, (8) 1 Br-1 Ba, and (1) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least $200 higher on average than the Subject property.
3442 Auchentoroly Terrace features (11) spacious apartments with a unit mix of (2) Studios, (8) 1 Br-1 Ba, and (1) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least $200 higher on average than the Subject property.
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $86,364 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 8,967 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | Parking Ratio | 0.45/1,000 SF |
| Zoning | R-8 | ||
| Price | $950,000 |
| Price Per Unit | $86,364 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,967 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | R-8 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (86)
Property Taxes
| Parcel Number | 3236-025B | Improvements Assessment | $755,700 |
| Land Assessment | $56,900 | Total Assessment | $812,600 |
Property Taxes
Parcel Number
3236-025B
Land Assessment
$56,900
Improvements Assessment
$755,700
Total Assessment
$812,600
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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3442 Auchentoroly Ter
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