3302 S. Clifton Avenue

• REVENUE GROWTH OPPORTUNITY
• Current in-place rents are more than $200 below similar properties in the neighborhood, but light aesthetic improvements could cut down this loss-to-lease significantly.
• EXPENSE REDUCTION OPPORTUNITIES
• The current operating expense budget for this community is more than 40% higher than that of comparable properties, with payroll maintenance expenses accounting for most of this variance. Self-management or hiring professional management with local expertise could greatly improve operations.
• ADJACENT TO ECONOMIC DEVELOPMENT
• Baltimore City continues to rebound economically. Major projects nearby include a 745-acre redevelopment in Druid Hill Park and RFPs for 725,000 SF of office space for State Agencies in Downtown Baltimore.
• PUBLIC TRANSIT ABOUNDS
• The property is directly adjacent to the 82, 79, and 80 bus routes which provide access to all Northwest Baltimore. The City Link Gold bus also provides access to the west side of Downtown.
• STRONG SCHOOLS AND LARGE UNITS
• The property is a short walk to KIPP Baltimore Charter Elementary which supports more than 1,500 students. With large units and good public resources, the property is an attractive option for families.

Property Description

THE OPPORTUNITY Clifton Estates is an 18-unit apartment community located in the Windsor Hills submarket of Baltimore City, consisting of 12 two-bedroom units and 6 three-bedroom units.