Contacts
Justin Verner
Harbor Stone Advisors
(410) 960-3962
Brooks Healy
Harbor Stone Advisors
(443) 523-6865
Shana Callahan
Harbor Stone Advisors
Todd Galvin
Harbor Stone Advisors
Tom Wohlgemuth
Harbor Stone Advisors
(240) 444-4656
Property Details
- Property Type Other
- Units 12
- Date Updated Apr 26, 2024
- Website roslynapartments.sharplaunch.com
2210 Roslyn Ave. | Baltimore, MD 21216
Harbor Stone Advisors is pleased to present the opportunity to acquire Roslyn Apartments, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of 12 units with a mix of (6) 1 Br-1 Ba and (6) 2 Br-1 Ba. Current ownership completed a gut renovation of the property in 2014 which included apartment renovations. Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring. In addition to apartment renovations, ownership also replaced the roof, windows, and doors, updated all mechanical systems, refreshed the common area, and performed exterior brickwork.
The opportunity exists for a new owner to organically increase rents, as rents at Roslyn Apartments are under market. Comparable properties in the area are achieving rents at least $200 higher on average than the Subject property. Additionally, a new owner can also lease to Section 8 tenants, providing a certainty of rental income.
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Highlights
- Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
- Consists of 12 units with a mix of (6) 1 Br-1 Ba and (6) 2 Br-1 Ba
- Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring
- Some units have balconies and all tenants reimburse for water
- Minimal Deferred Maintenance and Ability to Substantially Increase Rents
- Current ownership completed a gut renovation of the property in 2014 which included apartment renovations, roof, window, and door replacements, update of mechanical systems, refresh of the common area, and exterior brickwork
- Opportunity exists for a new owner to organically increase rents; comparable properties in the area are achieving rents at least $200 higher on average than the Subject property
- A new owner can also lease to Section 8 tenants, providing a certainty of rental income
- Located in Mt. Holly Area of NW Baltimore City
- Easy access to major highways and multiple bus stops are located near the property
- Major area employers nearby: Sinai Hospital, Social Security Administration, Coppin State University
- Major area colleges nearby: Coppin State University, Baltimore City Community College
Attachments
Getting around
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Location
- City Baltimore, MD
- Neighborhood Windsor Hills
- Zip Code 21216
- Market Baltimore
Points of Interest
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West Cold Spring
1.61 miles
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Mondawmin
1.85 miles
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Rogers Avenue
2.02 miles
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West Baltimore
2.39 miles
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Penn–North
2.41 miles
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Woodberry
2.56 miles
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Reisterstown Plaza
2.67 miles
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Upton
2.86 miles
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Cold Spring Lane
2.87 miles
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North Avenue
3.46 miles
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BP
0.79 miles
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Crown
0.83 miles
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BP
1.02 miles
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CF Carroll Motor Fuels
1.19 miles
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Royal Farms
1.23 miles
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Gulf
1.42 miles
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BP
1.52 miles
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Shell
1.58 miles
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Carroll Motor Fuels
1.59 miles
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Shell
1.75 miles
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Lot J
1.55 miles
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Lot E1
1.58 miles
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I-70 Park and Ride
1.60 miles
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Lot E2
1.61 miles
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Lot E3
1.66 miles
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Lot D
1.68 miles
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Lot F
1.73 miles
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Lot C
1.74 miles
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Lot G
1.78 miles
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Lot B
1.80 miles
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Red Carpet Inn
2.42 miles
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Leisure Inn
2.92 miles
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Days Inn
2.96 miles
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Motel 6
2.99 miles
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Holiday Inn Express & Suites
3.12 miles
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Best Western
3.17 miles
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Hampton Inn & Suites Baltimore/Woodlawn
3.19 miles
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Quality Inn
3.27 miles
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Delta Hotels Marriott
3.47 miles
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Motel 6
3.67 miles
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Save-A-Lot
0.73 miles
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Shoprite
1.09 miles
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ALDI
1.47 miles
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Ross
1.54 miles
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Giant Food
1.60 miles
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Shoppers Food & Pharmacy
1.85 miles
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Harvest Fare
2.22 miles
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Forman Mills
2.43 miles
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Shopper's Food Warehouse
2.47 miles
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GW Supermarket
2.53 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.