- For Sale $2,350,000
- Property Type Other
- Property Size 28,800 SF
- Units 36
- Additional Rent Contact for pricing
- Year Built 1925
- Date Updated May 18, 2024
- Website cliftoncommons.sharplaunch.com
3302-3306 & 3512-3516 Clifton Ave. | Baltimore, MD 21216
Harbor Stone Advisors is pleased to present the opportunity to acquire Clifton Commons, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 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 Clifton Commons are under market. Comparable properties in the area are achieving rents at least $300 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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Attachments
Highlights
- Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
- Consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 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 $300 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 Mount 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
False
Contacts
Location
Getting Around
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Walk Score ®
84/100
Very Walkable
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Transit Score ®
64/100
Good Transit
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Bike Score ®
42/100
Somewhat Bikeable
- City Baltimore, MD
- Neighborhood Walbrook
- Zip Code 21216
- Market Baltimore
Points of Interest
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West Cold Spring
1.73 miles
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Upton
2.06 miles
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Mount Royal / University of Baltimore
2.86 miles
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Centre Street
3.01 miles
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Baltimore Arena
3.26 miles
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Camden Station
3.43 miles
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Camden Street
3.46 miles
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Charles Center
3.52 miles
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Hamburg Street
3.62 miles
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Shot Tower/Market Place
3.88 miles
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BP
0.25 miles
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Gulf
0.72 miles
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BP
1.19 miles
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Crown
1.24 miles
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Carroll Motor Fuels
1.28 miles
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Crown
1.33 miles
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Marathon
1.35 miles
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Shell
1.64 miles
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BP
1.72 miles
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Marathon
1.74 miles
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Lot J
0.90 miles
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Lot E1
0.93 miles
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Lot E2
0.98 miles
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Lot D
1.00 miles
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Lot E3
1.02 miles
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Lot C
1.05 miles
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Lot F
1.09 miles
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Lot B
1.11 miles
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Lot G
1.12 miles
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West Baltimore MARC Station Parking
1.72 miles
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Motel 6
2.91 miles
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Red Carpet Inn
2.95 miles
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Hotel Brexton
2.99 miles
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Fayette Square
3.03 miles
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Biltmore Suites Hotel - Main Building
3.03 miles
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Biltmore Suites Hotel - Park Avenue Building
3.04 miles
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Downtown Hotel
3.05 miles
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La Quinta
3.11 miles
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Revival Baltimore
3.14 miles
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Belvedere
3.14 miles
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New York Chicken Fish & Grill
0.22 miles
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EZ-mart
0.40 miles
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Pak Man Fried Chicken
1.01 miles
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Auntie Anne's
1.04 miles
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Popeyes
1.05 miles
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TGI Friday's
1.07 miles
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Ling’s Carry Out
1.15 miles
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Sun Carry-Out
1.16 miles
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Subway
1.29 miles
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K & K Carry-Out
1.41 miles
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Edgewood Elementary School
0.25 miles
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Walbrook High School
0.28 miles
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Hilton Elementary School
0.53 miles
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Belmont Elementary School
0.57 miles
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Gwynns Falls Elementary School
0.59 miles
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Windsor Hills Elementary School
0.60 miles
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William H Lemmel Middle School
0.68 miles
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Rosemont Elementary School
0.74 miles
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Doctor Lillie M Jackson Alternative Elementary School
0.74 miles
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Coppin State University
0.79 miles
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Children of Victory Learning Center
2.00 miles
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The New Rogers Avenue Day Nursery
2.32 miles
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Bolton Hill Nursery
2.67 miles
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Homewood Early Learning Center
2.80 miles
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Downtown Baltimore Child Care, Inc.
2.89 miles
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Charles Plaza Child Care & Development
3.36 miles
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All My Children Child Care Center
3.36 miles
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Kiddie Calvert
3.42 miles
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Bright Stars Learning Center
3.86 miles
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Mema's Early Learning Center LLC, License
3.86 miles
Frequently Asked Questions
How much does Clifton Commons cost?
The space currently listed for sale at Clifton Commons asks for $2,350,000.
What is the total square footage of Clifton Commons?
Clifton Commons totals 28,800 square feet.
When was this property built?
Clifton Commons was built in 1925.
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