2206 Roslyn - 3508 Clifton

On behalf of ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in two multifamily properties situated in the Mount Holly section of Southwest Baltimore City — 2206 Roslyn Avenue and 3508 Clifton Avenue. The properties are composed of 14 units fronting Clifton Avenue and 12 units on Roslyn Avenue. The properties average 63% occupancy and an average in-place rent of $762 in a sub-market that averages over $900 for one-bedroom units and over $1,150 for three-bedroom units for similar vintage units. A new owner can increase rent by over $150 per unit by renovating the exterior of the building, improving its curb appeal, and renovating the interiors of the units and common areas. All units are separately metered for electric and gas providing a new owner with the ease of transferring those costs to tenants.

The Clifton Avenue and Roslyn Avenue properties are situated off Route 40, about a 5-minute walk from each other in the Mount Holly section of Baltimore. Mount Holly, a neighborhood in the Southwest District of Baltimore, is located between Fairmont (south), Walbrook (east) and Garwyn Oaks (north). This section of West Baltimore offers large, affordable single-family detached homes in many shapes and sizes as well as two-story rowhomes and duplexes. Approximately 62% of the residents rent in this neighborhood. Tree-lined streets create a nice, shady atmosphere for residents to enjoy their front stoops or porches. Two transit bus routes provide public transportation for the neighborhood's residents, with connections to the Baltimore Metro, Light Rail, and MARC train as well as other bus routes. Both have stops along Clifton Avenue in Mount Holly. Route 15 runs between Security Square Mall (west) and Perry Hall (east). Route 91 traveling between Sinai Hospital (north) and City Hall (south), has a stop at Pennsylvania Station (Baltimore), providing passengers with access to Amtrak and the MARC Train. It also has stops at Metro and Light Rail stations.

Residents enjoy convenient access to Routes 1 and 40 and Interstates 83, 395, 895 and 95. The Clifton Avenue and Roslyn Avenue properties are within 5 minutes of Downtown Baltimore and 20 minutes of the Inner Harbor area. Hanlon Park, The Maryland Zoo, Leakin Park, Gwynns Fall Trail, and Forest Park Golf Park are nearby. Due to the properties’ location, residents can easily access retailers and eateries along Route 40 (Baltimore National Pike) including Aldi, Giant, Walmart, Sam’s Club, Lowe’s, Big Lots, The Home Depot, and more. In addition, Baltimore County Community College, Mercy Hospital, The University of Maryland, John Hopkins’ Children's Center, Loyola University - Maryland, and the University of Maryland Medical Center are nearby.

2206 Roslyn Avenue and 3508 Clifton Avenue provide an outstanding value-add opportunity to purchase 26 apartment units with below-market rents in a well-established neighborhood of Baltimore.