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2001 Eastern

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Address: 2001 Eastern Ave, Baltimore, MD 21231, USA

Washington DC + Apartment Buildings

Created date: June 4, 2024

Date last updated: September 20, 2024

Opportunity to Acquire a Renovated Asset in Southeast Baltimore
• Features (4) 2 Br-1 Ba and (1) commercial space
• Commercial space is leased to Mid-Atlantic Spinal Rehab and Chiropractic through July 2027
• Current ownership completed a renovation of the building in 2020; typical unit features consist of black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers
Additional Value-Add Potential Exists to Further Increase Revenue
• Opportunity exists for a new owner to organically increase rents as they are currently under market.
• Comparable properties nearby are achieving rents $300 higher on average than the Subject property
Conveniently Located Between Fells Point and Canton
• Ranked a Walker's Paradise by WalkScore, just steps away from retail, dining, and attractions
• Major area employers nearby: Johns Hopkins Hospital, Morgan Stanley, Kennedy Krieger, Exelon
• Major area colleges nearby: Johns Hopkins Schools of Medicine, Nursing, Public Health, and Business

Property Description

2001 Eastern Ave. | Baltimore, MD 21231Harbor Stone Advisors is pleased to present the opportunity to acquire 2001 Eastern Ave., a renovated asset located in Southeast Baltimore City. The property is conveniently located between the Fells Point and Canton neighborhoods, and is just steps away from numerous shops, bars, and restaurants. 2001 Eastern Ave. features (4) 2 Br-1 Ba units and (1) commercial space. The commercial space is leased to Mid-Atlantic Spinal Rehab and Chiropractic through July 2027.Prior ownership completed a renovation of the building in 2020 which included apartment renovations. Typical unit features consist of black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents as they are currently under market. Comparable properties in the area are achieving rents $300 higher on average.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,339,200
No. of Units:	5
Lot Size:	5,268.00 Sq ft
Opportunity Zone:	No
Price per unit:	$267,840
Property Website	Click Here