Harbor Stone Advisors proudly announces the debut of Gwynn Oak Gardens, a meticulously renovated multifamily asset nestled in the heart of Northwest Baltimore City. With 18 units meticulously crafted for modern living, this property offers an enticing investment opportunity for discerning buyers seeking prime real estate in a thriving market.
Gwynn Oak Gardens boasts a thoughtfully curated mix of (9) one-bedroom, one-bathroom units and (9) twobedroom, one-bathroom units, each meticulously designed to blend comfort with style. Originally renovated in 2015, the property showcases a seamless fusion of contemporary aesthetics and enduring quality. Among its standout features are sleek black appliances, elegant wood cabinets, luxurious granite countertops, and a choice of tile, wood laminate, or plush carpet flooring. A new roof, updated windows and doors, revamped mechanical systems, refreshed common areas, and upgraded exterior finishes collectively contribute to a turnkey investment opportunity poised for success.
With current rents positioned below market rates, savvy investors have a golden opportunity to unlock significant value by implementing strategic rent increases. Comparable properties in the vicinity command rents averaging $200 higher, underscoring the untapped potential awaiting the next owner. Moreover, the option to lease to Section 8 tenants offers a reliable stream of rental income, further solidifying Gwynn Oak Gardens’ investment appeal.
For prospective buyers seeking a seamless transition, Gwynn Oak Gardens offers the added advantage of assumable pre-existing debt. The property carries a current loan balance of $1,090,659, with a fixed interest rate of 4.88% and a maturity date in 2029, featuring a 30-year amortization schedule.
Priced at $1,500,000, Gwynn Oak Gardens presents an attractive opportunity with a pro forma cap rate of 7.89% and an average rent of $1,012. Whether you’re a seasoned investor or a newcomer to the market, this premier property promises enduring value and substantial returns.
For more information on Gwynn Oak Gardens and to inquire about acquisition opportunities, please contact Harbor Stone Advisors.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com.
