Contacts
Justin Verner
Harbor Stone Advisors
(410) 960-3962
Brooks Healy
Harbor Stone Advisors
(443) 523-6865
Tom Wohlgemuth
Harbor Stone Advisors
(240) 444-4656
Shana Callahan
Harbor Stone Advisors
Todd Galvin
Harbor Stone Advisors
Property Details
- Property Type Other
- Units 5
- Additional Rent Contact for pricing
- Date Updated May 16, 2024
- Website 1600bolton.sharplaunch.com
1600 Bolton St. Baltimore, MD 21217
Harbor Stone Advisors is please to present the opportunity to acquire 1600 Bolton Apartments, a multifamily asset located in the Bolton Hill neighborhood of Baltimore City. 1600 Bolton Apartments features 5 large units with a mix of (2) 1 Br-1 Ba, (1) 1 Br-1.5 Ba w/Den, (1) 2 Br-1 Ba, and (1) 4 Br-2.5 Ba. Typical unit features consist of white appliances, wood cabinets, hard surface countertops, and hardwood/ceramic tile flooring. Current ownership replaced the roof in 2022 and installed HVAC in units 2F and 3R.
The opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $150 higher compared to the Subject property. Other value add opportunities include implementing a water reimbursement program upon renewal and/or new lease and potentially creating surface parking behind the building.
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Highlights
- Opportunity to Acquire a Multifamily Asset in Bolton Hill
- Features 5 large units with a mix of (2) 1 Br-1 Ba, (1) 1 Br-1.5 Ba w/Den, (1) 2 Br-1 Ba, and (1) 4 Br-2.5 Ba
- Typical unit features consist of white appliances, wood cabinets, hard surface countertops, and hardwood/ceramic tile flooring
- Current ownership replaced the roof in 2022 and installed HVAC in units 2F and 3R
- Ability to Increase Rents Via Renovation Program
- Opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms
- Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $150 higher compared to the Subject property
- Other value add opportunities include implementing a water reimbursement program upon renewal and/or new lease and potentially creating surface parking behind the building
- Excellent Location in Bolton Hill
- Easy access to I-83 and Downtown Baltimore
- Located 1 mile away from Penn Station and surrounded by additonal public transportation options such as the Metro, Lightrail, and CityLink bus stops
- Major area employers/colleges nearby: Maryland Institute College of Art (MICA), University of Baltimore, University of Maryland Medical Center (UMMC) Midtown Campus
Getting around
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Location
- City Baltimore, MD
- Neighborhood Bolton Hill
- Zip Code 21217
- Market Baltimore
Points of Interest
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Mount Royal / University of Baltimore
0.23 miles
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North Avenue
0.24 miles
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Cultural Center
0.38 miles
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Baltimore Penn Station
0.44 miles
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State Center
0.47 miles
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Upton
0.71 miles
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Centre Street
0.84 miles
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Penn–North
0.99 miles
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Lexington Market
1.09 miles
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Lexington Market
1.15 miles
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Oceanic
0.36 miles
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Marathon
0.42 miles
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American Fuel
0.50 miles
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Sunoco
0.50 miles
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BP
0.54 miles
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Crown
0.60 miles
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Clark
0.68 miles
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Exxon
0.69 miles
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eVgo
0.72 miles
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Carroll Motor Fuels
0.75 miles
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Fitzgerald Garage
0.26 miles
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Guest Parking
0.27 miles
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Theatre Parking
0.38 miles
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Symphony Center Parking
0.44 miles
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Penn Station Parking Garage
0.47 miles
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1205 Maryland Avenue Public Parking Lot
0.48 miles
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Maryland Avenue Garage
0.50 miles
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Area D
0.51 miles
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PNC Bank
0.57 miles
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Park PMI
0.64 miles
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Motel 6
0.34 miles
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Downtown Hotel
0.48 miles
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Hotel Brexton
0.58 miles
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Belvedere
0.63 miles
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The Ivy Hotel
0.69 miles
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Biltmore Suites Hotel - Main Building
0.76 miles
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Biltmore Suites Hotel - Park Avenue Building
0.76 miles
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Revival Baltimore
0.86 miles
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Hotel Indigo
1.00 miles
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Hostelling International
1.09 miles
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Save-A-Lot
0.27 miles
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Save-A-Lot
0.40 miles
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Eddie's of Mount Vernon
0.65 miles
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Safeway
0.69 miles
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Save-A-Lot
0.70 miles
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O K Groceries
0.82 miles
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OK Market & Deli
0.96 miles
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Harlem Grocery
0.97 miles
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Streets Market & Cafe
1.21 miles
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Charles Plaza
1.22 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.