2001 Eastern | 2001 Eastern Ave
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2001 Eastern 2001 Eastern Ave
5 Unit Apartment Building $1,339,200 ($267,840/Unit) Baltimore, MD 21231
Investment Highlights
- Opportunity to Acquire a Renovated Asset in Southeast Baltimore
- Conveniently Located Between Fells Point and Canton
- Additional Value-Add Potential Exists to Further Increase Revenue
Executive Summary
Harbor 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.
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.
Property Facts
| Price | $1,339,200 | Building Class | A |
| Price Per Unit | $267,840 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 5,268 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2020 |
| Apartment Style | Low Rise |
| Price | $1,339,200 |
| Price Per Unit | $267,840 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 0.04 AC |
| Building Size | 5,268 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2020 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 02-07-1783-001 | Improvements Assessment | $288,600 |
| Land Assessment | $90,000 | Total Assessment | $378,600 |
PROPERTY TAXES
Parcel Number
02-07-1783-001
Land Assessment
$90,000
Improvements Assessment
$288,600
Total Assessment
$378,600
zoning
| Zoning Code | C-1 |
| C-1 |
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Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Harbor Stone Advisors
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2001 Eastern | 2001 Eastern Ave
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