3442 Auchentoroly Terrace
- Opportunity to Acquire a Stabilized Multifamily Asset with Value-Add Potential in Northwest Baltimore
- Ability to Create Value and Increase Rents
- Excellent Location in Northwest Baltimore, Across the Street from Druid Hill Park
Property Description
Harbor Stone Advisors is pleased to offer 3442 Auchentoroly Terrace, a value-add opportunity in Northwest Baltimore City. The property's prime location is directly across from Druid Hill Park, a historic 745-acre urban park currently undergoing a significant $290 million renovation. This iconic park is home to the Maryland Zoo, numerous cultural landmarks, and extensive recreational amenities, including pools, sports fields, and trails. Residents also benefit from being within walking distance of The Village at Mondawmin, a $25 million redevelopment project transforming the former Target at Mondawmin Mall into a center for health, elderly care, childcare, and workforce training. 3442 Auchentoroly Terrace features (11) spacious apartments with a unit mix of (2) Studios, (8) 1 Br-1 Ba, and (1) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least $200 higher on average than the Subject property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $950,000 |
| No. of Units: | 11 |
| Year Built: | 1910 |
| Lot Size: | 0.24 Acres |
| Opportunity Zone: | No |
| Price per unit: | $86,364 |
| Property Website | Click Here |
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