816-830 Argonne Dr
Baltimore, MD 21218
Mayflower Apartments at Argonne · Multifamily Property For Sale · 65 Units

The Mayflower Apartments at Argonne is a 65-unit multifamily which is certified lead-free, newly renovated top to bottom (except 4 units w/long-term tenants) including all new electric, all new plumbing, kitchens, bathrooms, appliances, new windows, exterior entryway doors, etc. These garden-style apartments provide an investor with a fully stabilized asset at time of purchase with a value-add opportunity to increase rents to market through turnover in the first year. Each unit is separately metered for gas and electricity with individual furnaces and individual hot water heaters. Water is currently paid by the property owner but provides another value-add opportunity to add water charges to new leases. There are (7) 2-bed, 1-bath, units, (39) 1-bed, 1-bath units, and (19) studio' s. Roofs are flat, rubber and coated with silver paint to reflect heat. There is a coin-operated laundry room on site for tenants, a fully operational camera monitoring system throughout, a newly-paved asphalt parking lot with lined spaces for 14 cars and abundant street parking. Current occupancy is almost 100% leased with only 1 renovated unit available for rent and 1-unit under renovation. The Mayflower Apartments at Argonne is located on the border of the Ednor Gardens and Pen Lucy neighborhoods of Baltimore, facing Argonne Dr with Baltimore City bus service in the front of the building on Argonne. It is directly across Argonne from the St Elizabeth School, a nonpublic, special education school for children in grades 1-12.