Sold Highlights  

Recently sold over 175 Baltimore Multifamily Properties
 

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Professional BuildinG
Downtown Baltimore

The Professional Building at 330 N Charles St sold 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. 
 


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Windsor Arms
northwest Baltimore

Windsor Arms Apartments located in the Windsor Hills neighborhood of Northwest Baltimore. This 56-unit, 56,000 square foot garden apartment community had a mix of market rate and subsidized tenants at time of sale. The property sold to an out-of-state buyer who plans to make improvements and move rents to market. 
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16 E BiddlE
Mount Vernon

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.
 


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Canterbury House Northwest Baltimore 

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. 
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Westchester Gardens
Northwest Baltimore

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.
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Bristol House
UPPER PARK HEIGHTS 

Bristol House Apartments at located in in Upper Park Heights sold for $5.775 million, or $75,000 per unit. This 90,550 square foot mid-rise apartment building consists of 77 units. This asset ultimately traded to a local group looking to create efficiencies for their existing portfolio in the area.
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