4000 Linkwood Rd
Baltimore, MD 21210
Tuscan Hills · Multifamily Property For Sale · 49 Units

** Guided Tour to take place on: Monday, May 13th, promptly @ 12pm ** If you plan to attend either Guided Tour, please contact Nick Luciani 443-465-4761 nick@alexcooper.com Exceptional opportunity to purchase an apartment complex comprised of eight buildings totaling 48 units, with tremendous upside potential. The complex is conveniently located in the desirable and highly sought-after "Tuscany-Canterbury" community of Baltimore City, along the Johns Hopkins shuttle route and inside the Johns Hopkins University Security zone, near the Loyola University Maryland Campus and Stony Run Park and Trail. It has been owned by the same corporate entity since 1962. Location Description: "Tuscany-Canterbury" is a charming, eclectic mix of single-family homes, apartments and condominiums, nestled between the trendy "Hampden" and the stately "Guilford" communities. It is well-served by public transit and is bounded on the East by N. Charles Street, on the North by Overhill and Warrenton Roads, on the West by Linkwood Road and on the South by University Parkway. The neighborhood is within walking distance to shopping, well-regarded eateries, fine-dining and much more. Linkwood Apartments is a garden style apartment community with ample on-site parking and on-site laundry facilities. Recent improvements include new gutters and downspouts for the entire complex. Also, approximately 60% of the drains along the exterior of the complex were re-done, including the piping. Gross Scheduled Monthly Rent: $52,356 Gross Scheduled Annual Rent: $628,272 Gross Potential Monthly Rent: $57,176* Gross Potential Annual Rent: $686,112* * = Based on Full Occupancy (using current lease rents for occupied units plus market rent for the 4 vacant units) Gross Potential Monthly Rent: $58,590** Gross Potential Annual Rent: $703,080** ** = Based on Full Occupancy (using market rents for all units) The unit mix consists of: • 16 - 2-bedroom/1.5-bathroom units • 16 - 2-bedroom/1-bathroom units (1st and 2nd floors) • 7 - 2-bedroom/1-bathroom units (Terrace) • 5 - 1-bedroom/1-bathroom units (Terrace) • 4 - Efficiency/1-bathroom units (Terrace) Each unit includes 140 amp electric service, a separate storage unit, a reserved parking space plus a guest parking pass. Typical unit finishes include wood, parquet, carpet, ceramic tile and vinyl tile floors along with drywall walls and ceilings. The units are heated with individual gas fired forced air systems and cooled with central air conditioning systems. Hot water for the complex is provided by four gas fired hot water heaters. The units are separately metered for electric, which is paid by the respective tenant(s). The landlord pays for all natural gas (cooking stoves, hot water and heat), common area electric (public service meter) and cold water. Do not miss this one! Diligence Package: A copy of the rent roll, select expenses, list of lead certificate numbers, unit floorplans, a sample lease and the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Auction to be held on the premises and online simulcast Friday, May 17th @ 1:00pm Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.