Bolton Hill Terrace

1501 Park Ave., Baltimore, MD 21217

View Executive Summary



1501 Park Ave | Baltimore, MD 21217


Harbor Stone Advisors is pleased to present the opportunity to acquire Bolton Hill Terrace, a fully renovated asset in the historic Bolton Hill neighborhood of Baltimore City. Bolton Hill is home to 20 blocks of mostly preserved, historic buildings and numerous monuments and parks. Residents of Bolton Hill Terrace are just a short walk away from Baltimore Penn Station, Maryland Institute College of Art (MICA), and University of Baltimore.

This offering features 7 apartments with a unit mix of (2) 1 Br-1 Ba and (5) 2 Br-1 Ba, as well as (6) one-car garages. Current ownership completed a gut renovation of the property in 2020 which included unit renovations. Typical apartment features consist of stainless steel appliances, white wood cabinets, granite countertops, updated bathrooms, laminate wood/ceramic tile floors, and in-unit washer/dryers.

In addition to apartment renovations, current ownership completed numerous capital projects including roof replacement, new doorbell and fire alarm systems, updated the electric, installed new plumbing, and added new furnaces, central A/C units, and hot water heaters. There is still potential for a new owner to add value by leasing the garages to tenants, since secure, off-street parking is a highly sought after amenity for city living. Additionally, there is an ability to further increase rents based on comparable properties in the area.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Unique Opportunity to Acquire a Gut Renovated Asset in Bolton Hill
  • - Features 7 apartments with a unit mix of (2) 1 Br-1 Ba and (5) 2 Br-1 Ba, as well as (6) one-car garages
  • - Current ownership completed a gut renovation of the property in 2020 which included unit renovations
  • - Typical apartment features consist of stainless steel appliances, white wood cabinets, granite countertops, updated bathrooms, laminate wood/ceramic tile floors, and in-unit washer/dryers
  • - Numerous capital projects have also been completed including roof replacement, new doorbell and fire alarm systems, updated the electric, installed new plumbing, and added new furnaces, central A/C units, and hot water heaters
  • Additional Value-Add Potential Exists for Further Increase Revenue
  • - Lease the garages to tenants as secure, off-street parking is a highly sought after amenity for city living
  • - Ability to further increase rents based on comparable properties in the area that have undergone renovations
  • Located in Bolton Hill Just Blocks Away From MICA and University of Baltimore
  • - Short walk away from cafes, restaurants, and parks
  • - Conveniently located near various modes of public transportation including bus stops, light rail stations, and Baltimore Penn Station
  • - Major area employers nearby: University System of Maryland, University of Maryland Medical Center (UMMC) Midtown, Maryland Institute College of Art (MICA)
  • - Major area colleges nearby: Maryland Institute College of Art (MICA), University of Baltimore, Peabody Institute of Johns Hopkins University

Contacts

broker

Justin Verner

Harbor Stone Advisors

(410) 960-3962

broker

Brooks Healy

Harbor Stone Advisors

(443) 523-6865

broker

Tom Wohlgemuth

Harbor Stone Advisors

(240) 444-4656

broker

Shana Callahan

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    94/100 Rider's Paradise

  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Baltimore, MD
  • Neighborhood Bolton Hill
  • Zip Code 21217
  • Market Baltimore

Points of Interest

  • Cultural Center

    0.28 miles

  • Mount Royal / University of Baltimore

    0.28 miles

  • State Center

    0.30 miles

  • North Avenue

    0.43 miles

  • Baltimore Penn Station

    0.50 miles

  • Upton

    0.60 miles

  • Centre Street

    0.68 miles

  • Lexington Market

    0.92 miles

  • Penn–North

    0.98 miles

  • Lexington Market

    0.99 miles

  • Marathon

    0.54 miles

  • BP

    0.54 miles

  • Oceanic

    0.55 miles

  • Crown

    0.61 miles

  • American Fuel

    0.66 miles

  • Sunoco

    0.68 miles

  • Clark

    0.68 miles

  • Gulf

    0.86 miles

  • Exxon

    0.87 miles

  • Exxon

    0.88 miles

  • Guest Parking

    0.20 miles

  • Fitzgerald Garage

    0.32 miles

  • Symphony Center Parking

    0.33 miles

  • Maryland Avenue Garage

    0.42 miles

  • 1205 Maryland Avenue Public Parking Lot

    0.44 miles

  • Theatre Parking

    0.49 miles

  • Penn Station Parking Garage

    0.50 miles

  • PNC Bank

    0.51 miles

  • Maryland General Hospital Parking Garage

    0.55 miles

  • Park PMI

    0.57 miles

  • Downtown Hotel

    0.45 miles

  • Hotel Brexton

    0.46 miles

  • Motel 6

    0.50 miles

  • Belvedere

    0.56 miles

  • Biltmore Suites Hotel - Main Building

    0.62 miles

  • Biltmore Suites Hotel - Park Avenue Building

    0.62 miles

  • The Ivy Hotel

    0.66 miles

  • Revival Baltimore

    0.72 miles

  • Hotel Indigo

    0.86 miles

  • La Quinta

    0.93 miles

  • CookHouse

    0.10 miles

  • Sutton Sandwich Shop

    0.18 miles

  • The Tilted Row Pub

    0.20 miles

  • Domino's

    0.39 miles

  • Poblano Mexican Grill

    0.42 miles

  • Hip Hop Fish & Chicken

    0.42 miles

  • Soup’s On

    0.43 miles

  • The Land of Kush

    0.43 miles

  • Wendy's

    0.44 miles

  • Linden Deli

    0.44 miles

  • Mount Royal Elementary-Middle School

    0.19 miles

  • Midtown Academy

    0.20 miles

  • Renaissance Academy

    0.24 miles

  • Maryland Institute College of Art

    0.24 miles

  • Booker T. Washington Middle School

    0.25 miles

  • Renaissance Academy Booker T. Washington Campus

    0.25 miles

  • Baltimore School of the Bible

    0.28 miles

  • Eutaw-Marshburn Elementary School

    0.30 miles

  • Bethel Christian School

    0.35 miles

  • Gordon Plaza

    0.41 miles

  • Bolton Hill Nursery

    0.07 miles

  • All My Children Child Care Center

    0.82 miles

  • Downtown Baltimore Child Care, Inc.

    0.96 miles

  • Charles Plaza Child Care & Development

    1.06 miles

  • Homewood Early Learning Center

    1.41 miles

  • Saint Vincent de Paul Head Start

    1.44 miles

  • Headstart, Harford Elementary School Modular

    1.78 miles

  • Bright Stars Learning Center

    2.33 miles

  • Mema's Early Learning Center LLC, License

    2.34 miles

  • Dynamic Deliverance Childcare Center

    2.62 miles

Frequently Asked Questions

What is the lease rate for Bolton Hill Terrace?

Rental asking rate at Bolton Hill Terrace is $497,500.00/YR.

What is the total square footage of Bolton Hill Terrace?

Bolton Hill Terrace totals 4,410 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Bolton Hill Terrace