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3701 Clarks Ln
Baltimore, MD 21215
The Clarksview Apartments · Multifamily Property For Sale
·
34 Units
Property Facts
| No. Units | 34 | Lot Size | 1.97 AC |
| Property Type | Multifamily | Building Size | 43,474 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1954 |
| Zoning | R-5 | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.97 AC |
| Building Size | 43,474 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | R-5 |
Amenities
Unit Amenities
- Balcony
- Disposal
- Kitchen
- Range
- Tub/Shower
- Carpet
- Deck
- Dining Room
- Garden
- Patio
- Porch
Site Amenities
- Courtyard
- Laundry Facilities
About 3701 CLARKS LN , BALTIMORE, MD 21215
The Clarksview Apartments represents a rare opportunity to acquire a fully occupied garden asset with upside potential, in desirable Upper Park Heights. Value add possibilities include: renovating units to increase rents 10-15%, bringing down unit online, transitioning the Sec 8 units to market rents (in place average market rents are 12% higher than in place Sec 8 rents), updating common areas, and refreshing courtyard and landscaping. Typical units feature large open floor plans with wood cabinets, dishwashers, forced heat, replacement windows, carpet, vinyl tile and ceramic tile bathrooms, formica counter tops, updated electric, and updated plumbing. Tenant amenities include off street parking, laundry on site, and balconies. A NED's (Non Elderly Disabled Housing) contract is in place for 8 units, which essentially guarantees income for those units. The NED's contract runs through 2027. Units are separately metered for electric. Certified lead free.
Property Taxes
| Parcel Number | 4293-020 | Improvements Assessment | $1,091,500 |
| Land Assessment | $258,000 | Total Assessment | $1,349,500 |
Property Taxes
