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5001 Midwood Ave
Baltimore, MD 21212
Midwood Apartments · Multifamily Property For Sale
·
28 Units
PROPERTY FACTS
| No. Units | 28 | Lot Size | 1.51 AC |
| Property Type | Multifamily | Building Size | 35,000 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1964/2013 |
| Zoning | R-3 | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 35,000 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2013 |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Tub/Shower
- Carpet
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
ABOUT 5001 MIDWOOD AVE , BALTIMORE, MD 21212
The Midwood Apartments represents an opportunity to acquire a recently gut renovated, fully stabilized garden apartment asset in Northeast Baltimore. This Kenilworth Park property has a unit mix of (28) 2 Br-1 Ba units. The comprehensive 2013 gut renovation included new: electrical system, plumbing, roof, double pane windows, individual split HVAC, kitchens and bathrooms, and the build out of an onsite laundry room. Additional improvements included: new water and sewer lines, new gutters / downspouts, exterior grading and landscaping, updated entrance features, new soffits and new lighting bollards. Repaved asphalt parking lot in fall of 2017. Typical units feature open floor plans, central heating and air, carpet in living and bedrooms, breakfast bar, formica counter tops, wooden kitchen cabinets, disposal, laminate tile floor, and black appliances. All units are separately metered for electric and self contained. Building is electric only. Certified lead free. Repaved asphalt parking lot in fall of 2017. Average Rent of $759 /mo. Average Rent PSF of $1.01. Value Add Opportunity to raise many rents 15+%. Additional ability to greatly reduced trailing expenses via transition from institutional style management.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | - | 750 |
PROPERTY TAXES
| Parcel Number | 5183C-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,432,467 |
PROPERTY TAXES
