- For Sale Contact for pricing
- Property Type Other
- Property Size 12,893.76 SF
- Units 41
- Date Updated Apr 26, 2024
- Website centrestreetapartments.sharplaunch.com
17 E Centre St. | Baltimore, MD 21202
Harbor Stone Advisors is pleased to offer Centre Street Apartments, an opportunity to acquire scale in historic Mount Vernon. Centre Street Apartments is located across the street from the Peabody Institute of The Johns Hopkins University, a private conservatory and preparatory school. The property is also less than a 5 minute walk away from Mercy Medical Center.
Centre Street Apartments features 41 units with a mix of (6) Studios, (26) 1 Bedrooms, (5) 2 Bedrooms, (1) 4 Bedroom, and (3) commercial spaces. Typical apartment unit features consist of white/stainless steel appliances, wood cabinets, resurfaced countertops, and hardwood/tile/carpet/plank flooring. All of the units have shared access to a courtyard, and some units have their own private deck. Current ownership has updated many of the units over the course of their hold with new appliances, flooring, and refreshed bathrooms.
The opportunity exists for a new owner to focus on leasing up the property and organically increase rents. Comparable properties in the area are achieving rents at least $250 higher on average than the Subject property. A new owner can also evaluate the possibility of implementing a water reimbursement program upon renewal and/or new lease.
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Attachments
Highlights
- Prime Opportunity to Acquire Scale in Historic Mount Vernon
- Features 41 units with a mix of (6) Studios, (26) 1 Bedrooms, (5) 2 Bedrooms, (1) 4 Bedroom, and (3) commercial spaces
- Typical apartment unit features consist of white/stainless steel appliances, wood cabinets, resurfaced countertops, and hardwood/tile/carpet/plank flooring
- All of the units have shared access to a courtyard, and some units have their own private deck
- Current ownership has updated many of the units throughout their ownership with new appliances, flooring, and refreshed bathrooms
- Ability to Stabilize Operations and Organically Increase Rents
- Opportunity exists for a new owner to focus on leasing up the property and organically increase rents
- Comparable properties in the area are achieving rents at least $250 higher on average than the Subject property
- A new owner can also evaluate the possibility of implementing a water reimbursement program upon renewal and/or new lease
- Steps Away from the Peabody Institute of the Johns Hopkins University and Mercy Medical Center
- Ranked a Walker's Paradise by WalkScore
- Easy access to I-83 and Downtown Baltimore
- Major area employers nearby: Mercy Medical Center, University of Maryland Medical Center (UMMC) Midtown Campus, Agora Financial, Social Security Administration
- Major area colleges nearby: the Peabody Institute of the Johns Hopkins University, Maryland Institute College of Art (MICA), University of Baltimore
False
Contacts
Location
Getting Around
-
Walk Score ®
97/100
Walker's Paradise
-
Transit Score ®
97/100
Rider's Paradise
-
Bike Score ®
86/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Mid - Town Belvedere
- Zip Code 21202
- Market Baltimore
Points of Interest
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Baltimore Penn Station
0.34 miles
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Cultural Center
0.35 miles
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Mount Royal / University of Baltimore
0.45 miles
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State Center
0.47 miles
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Centre Street
0.51 miles
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Lexington Market
0.76 miles
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Lexington Market
0.78 miles
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North Avenue
0.78 miles
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Charles Center
0.88 miles
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Shot Tower/Market Place
0.98 miles
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BP
0.18 miles
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Marathon
0.52 miles
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American Fuel
0.72 miles
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Gulf
0.76 miles
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Oceanic
0.77 miles
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Exxon
0.82 miles
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Sunoco
0.89 miles
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Carroll Motor Fuels
0.91 miles
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ChargePoint
0.98 miles
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eVgo
1.03 miles
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Park PMI
0.10 miles
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PNC Bank
0.12 miles
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1205 Maryland Avenue Public Parking Lot
0.18 miles
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Maryland Avenue Garage
0.20 miles
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Lot A
0.26 miles
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Penn Station Parking Garage
0.30 miles
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Symphony Center Parking
0.31 miles
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Area D
0.34 miles
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Lot B
0.38 miles
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601 N Calvert Street Garage
0.40 miles
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Belvedere
0.08 miles
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The Ivy Hotel
0.08 miles
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Downtown Hotel
0.18 miles
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Hotel Brexton
0.27 miles
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Biltmore Suites Hotel - Park Avenue Building
0.38 miles
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Biltmore Suites Hotel - Main Building
0.39 miles
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Revival Baltimore
0.40 miles
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Hotel Indigo
0.53 miles
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Home2 Suites
0.62 miles
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Hostelling International
0.62 miles
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The Spot
0.01 miles
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Mount Vernon Pizzeria
0.04 miles
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The Prime Rib
0.06 miles
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Belvedere Bagels and Grill
0.10 miles
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Potbelly
0.11 miles
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Brewer's Art
0.11 miles
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Minato
0.11 miles
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Allora
0.12 miles
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Thai Landing
0.12 miles
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Sammy's Trattoria
0.13 miles
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University of Baltimore
0.26 miles
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Gordon Plaza
0.27 miles
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Saint Frances Academy
0.31 miles
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Baltimore Design School
0.35 miles
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Downtown Baltimore Child Care / Park Avenue
0.36 miles
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Baltimore School For The Arts
0.38 miles
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Grace and Saint Peters School
0.40 miles
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The Peabody Institute of Johns Hopkins
0.43 miles
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Baltimore Montessori Public Charter School
0.43 miles
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New Foundations Mansef School
0.53 miles
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All My Children Child Care Center
0.25 miles
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Bolton Hill Nursery
0.56 miles
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Charles Plaza Child Care & Development
0.69 miles
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Saint Vincent de Paul Head Start
0.92 miles
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Downtown Baltimore Child Care, Inc.
0.93 miles
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Headstart, Harford Elementary School Modular
1.34 miles
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Homewood Early Learning Center
1.73 miles
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Dynamic Deliverance Childcare Center
2.01 miles
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Bright Stars Learning Center
2.42 miles
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Mema's Early Learning Center LLC, License
2.43 miles
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