The Avalon, a 6 UNIT APARTMENT BUILDING in desirable Bolton Hill. Each unit consists of 2 bedrooms and 1 bathroom. Units renovated and well maintained with very efficient floor plans (the Avalon was originally designed as an apartment building and is not a conversion). Separate Gas and Electric meters for all units. Wired for high speed internet. Lead certificates, fire alarm and fire
standpipe plumbing system. New roof in 2018. $87,900 in annual gross income. $67,839 in net operating income. $7,325 in monthly scheduled rent. 100% occupied. $192 per square foot in average annual rent. Compelling Cap Rate. Record of near full occupancy, Stable historic financial performance. Eligible for CHAP and other tax credits. Value added upside. Class A location in Bolton Hill. Featured in the Barry Levinson movie AVALON. Walk to MICA, University of Baltimore, Mount Royal, Penn Station and State Center. Tenant amenities included a laundry room, bicycle room, trash and recycling room. Ample resident parking in Bolton Hill. Neighborhood patrolled by MICA campus security. Excellent walking and transit scores.
