2107 Park Ave Baltimore, MD 21217
Summary
Number of Units - 06
Occupancy Rate 15 / 16 Occupied
# of Buildings 2
Parking Rear + Street parking
Stories - 03
Asking Price Subject to Offer
This exceptional 16-unit multifamily property boasts a winning combination of location, potential, and making it the perfect opportunity to add a high-performing asset to your portfolio.
Strategically situated near MICA, John Hopkins University, and the flourishing MCB North Avenue development, guaranteeing consistent rental demand and healthy occupancy rates.
Nestled in the vibrant Reservoir Square district, this property benefits from the area’s upward trajectory and growing appeal. Witness your investment appreciate in value alongside the neighborhood’s ongoing revitalization.
This opportunity caters to investors seeking a judicious balance between security and strong potential returns.
- INVESTMENT HIGHLIGHTS -
Significant opportunity to increase rents by 30%, as current rental rates are 30% below market value.
-Thrive in a high-demand area near major transportation hubs, prestigious universities like MICA and Johns Hopkins University, and the growing Reservoir Square development.
-Spacious balconies, ample parking, generously sized units, and a convenient shared laundry space.
-Each unit boasts separate gas and electric meters, allowing tenants to manage utilities efficiently and live cost-consciously, fostering long-term resident satisfaction and boosting your bottom line.
– Mount Royal/University of Baltimore Station and Baltimore Penn Station are easily accessible.
– Potential benefit from the ongoing revitalization of Reservoir Square.
– The selected unit has balconies and hardwood floors.
– The property is located right off the highway.
The property is located within an Enterprise Zone, offering potential benefits such as tax incentives and opportunities for economic development.
