The Imperial at Conkling | 201 S Conkling St
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The Imperial at Conkling 201 S Conkling St
27 Unit Apartment Building For Sale Baltimore, MD 21224
Investment Highlights
- Unique Opportunity to Acquire a Gut-Renovated Asset in Highlandtown
- Excellent Location in East Baltimore; 6 Minute Drive to Johns Hopkins Bayview Campus
- Minimal Deferred Maintenance for a New Owner
Executive Summary
Harbor Stone Advisors is pleased to present the unique opportunity to acquire Imperial at Conkling, a gut-renovated asset located in the Highlandtown neighborhood of Baltimore City. The property is located a mile away from some of the best retail, dining and nightlife the city has to offer, including Mobtown Brewing Company, Canton Crossing Shopping Center, and O'Donnell Square. Imperial at Conkling is also just a 6 minute drive from the Johns Hopkins Medical Center Bayview Campus.
Imperial at Conkling features 27 units with a mix of (1) Studio, (21) 1 Br-1 Ba, and (5) 2 Br-2 Ba. The property also has gated parking, a media club room, a pet washing station, and controlled access. Prior ownership completed a gut renovation of the property in 2017 which included converting the former schoolhouse into luxury apartments. Typical unit features consist of stainless steel appliances, granite countertops, hardwood/ceramic tile flooring, in-unit washer/dryers, and high-end finishes. Prior ownership also updated all of the mechanical systems.
The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least 20% higher on average. Imperial at Conkling also has an existing CHAP Tax Credit that runs through the 2026-2027 tax year
Imperial at Conkling features 27 units with a mix of (1) Studio, (21) 1 Br-1 Ba, and (5) 2 Br-2 Ba. The property also has gated parking, a media club room, a pet washing station, and controlled access. Prior ownership completed a gut renovation of the property in 2017 which included converting the former schoolhouse into luxury apartments. Typical unit features consist of stainless steel appliances, granite countertops, hardwood/ceramic tile flooring, in-unit washer/dryers, and high-end finishes. Prior ownership also updated all of the mechanical systems.
The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least 20% higher on average. Imperial at Conkling also has an existing CHAP Tax Credit that runs through the 2026-2027 tax year
Property Facts
| Sale Type | Investment | Lot Size | 0.82 AC |
| No. Units | 27 | Building Size | 32,985 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1920 |
| Building Class | B | Parking Ratio | 0.35/1,000 SF |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.82 AC |
| Building Size | 32,985 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.35/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Walk-In Closets
- Wi-Fi
- Island Kitchen
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Courtyard
- Media Center/Movie Theatre
- Community-Wide WiFi
- Pet Washing Station
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 6302-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,377,500 |
PROPERTY TAXES
Parcel Number
6302-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,377,500
zoning
| Zoning Code | R-8 |
| R-8 |
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The Imperial at Conkling | 201 S Conkling St
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