Recently sold over 170 Baltimore Multifamily Properties
The Professional Building at 330 N Charles St for $3,700,000, or $137,037 per unit. This 27-unit building was gut renovated in 2006 and features 25 apartments and 2 street level retail spaces. The asset ultimately sold to a West Coast buyer who is continuing to expand their Downtown Baltimore portfolio.
Brooke Court Apartment in North Baltimore sold for $2,555,000, or $127,750 per unit. This 20-unit complex is solely comprised of two bedroom, two bathroom units. Brooke Court features a unique blend of a stabilized product in a solid, suburban location while still retaining value add upside.
16 E BiddlE
Apartments at 16 East Biddle in Mt Vernon sold for $2,240,000, or $149,333 per unit. This 15-unit building was gut renovated in 2013 and features a 10 year CHAP tax credit. The asset saw multiple offers in a short time span and was ultimately sold in an all cash transaction to a Washington D.C. based group.
Canterbury House Apartments
Canterbury House Apartments, located in Northwest Baltimore sold for $4.6 million, or $88,553 per unit. This 52-unit property, 63,936 SF asset garnered a robust market response with offers coming in from 5 different states. It was ultimately purchased by a local investment group who liked the stability of the Upper Park Heights location.
View press release
Westchester Garden Apartments
Westchester Gardens Apartments at 4506 Westchester Road in Northwest Baltimore sold for $2,650,00, or $57,609 per unit. This 46-unit property marks yet another out of area buyer seeking higher yields in the Baltimore marketplace. The buyer was attracted to the suburban style setting and value add potential.
View press release
This 20-bed student housing asset, fully leased through summer 2017, was purchased by a local investor for $1.46M. It sits just a short driving distance to Loyola and Towson Universities. This was truly a unique opportunity to purchase a mid-sized, recently constructed student housing asset with a record 100% occupancy.