Cedonia Townhomes

• Unique Opportunity to Acquire a 30 Unit Townhome Rental Community
• • Unit mix consists of (29) well-maintained 3 Br-1.5 Ba townhomes and (1) single family home
• • All townhomes have a rear parking area and tenants are responsible for all utilities
• • Typical unit features consist of white appliances, laminate countertops, wood cabinets, and carpet/vinyl plank flooring
• Ability to Substantially Increase Rents at Least $120
• • Opportunity exists for a new owner to organically increase rents
• • There is also an opportunity to further expand upon the interior scopes of all units by adding stainless steel appliances, updated countertops, and modern hardware and fixtures to further generate rental premiums
• Excellent Location Adjacent to the Baltimore County Line
• • Easy access to to I-95, I-895, and less than a 25 minute drive to the Inner Harbor
• • Close proximity to various shopping centers and parks
• • Major area employers nearby: Morgan State University, Johns Hopkins Bayview Medical Campus, MedStar Health Franklin Square, CCBC Essex

Property Description

5106-5122 Groton Rd. | Baltimore, MD 21206 Harbor Stone Advisors is pleased to present Cedonia Townhomes, a unique middle-market investment opportunity located in Northeast Baltimore. The property consists of (29) well-maintained 3 Br-1.5 Ba townhomes and (1) single family home. Typical unit features consist of white appliances, laminate countertops, wood cabinets, and carpet/vinyl plank flooring. 63% of the townhomes are located in Baltimore City adjacent to the Baltimore County line, and the remaining 37% of the townhomes are located in Baltimore County.The opportunity exists for a new owner to organically increase rents, as they are under market. Similar properties nearby are achieving rents at least $120 higher than the Subject property. Additionally, there is an opportunity for a new owner to further expand upon the interior scopes of all units by adding stainless steel appliances, updated cabinets, and modern hardware and fixtures to further generate rental premiums.