117 W Saratoga St
- Opportunity to Acquire a Mixed-Use Asset in Downtown Baltimore City
- Value Add Potential Via Rent Growth and Renovation of Remaining Classic Unit
- Excellent Location in Downtown Baltimore
Property Description
Harbor Stone Advisors is pleased to present 117 W Saratoga, a well-maintained asset located in Downtown Baltimore City. The property is conveniently situated within a 10-minute walk of three major local employers: Mercy Medical Center, University of Maryland Medical Center (UMMC), and UMMC Midtown Campus. The property features (5) 1 Br-1 Ba apartments, as well as (1) commercial space. The commercial space is leased to a barber shop through August 2030. Current ownership has renovated 4 apartments at 117 W Saratoga with a scope of stainless steel appliances, granite countertops, updated cabinets, updated bathrooms, and LVP flooring. The opportunity exists for a new owner to renovate the 1 remaining classic unit and increase rents. Similar properties in the area that have undergone renovations are achieving rents 16% higher on average.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $690,000 |
| No. of Units: | 6 |
| Year Built: | 1920 |
| Lot Size: | 0.04 Acres |
| Opportunity Zone: | No |
| Price per unit: | $115,000 |
| Property Website | Click Here |
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