- For Sale Contact for pricing
- Property Type Other
- Units 9
- Date Updated Apr 26, 2024
- Website flatsat842parkave.sharplaunch.com
842 Park Ave | Baltimore, MD 21201
Harbor Stone Advisors is pleased to present Flats at 842 Park, a fully occupied multifamily asset located in Historic Mount Vernon. The property is a 5 minute walk away from University of Maryland Medical Center Midtown Campus, one of Baltimore City's top employers.
Flats at 842 Park features 9 apartments with a unit mix of (2) Studios, (6) 1 Br-1 Ba, and (1) 2 Br-1 Ba. The property also has a surface parking lot behind the building with 7 parking spaces. Current ownership completed a renovation of the property in 2014 which included unit renovations. Typical apartment features consist of stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, hardwood flooring, and in-unit washer/dryers. In addition to apartment renovations, current ownership completed numerous capital projects including the installation of all new mechanical systems, refurbished windows, and preserved the historic details of the property. There is still potential for a new owner to add value via the implementation of a water reimbursement program upon renewal and/or new lease, increasing parking rents, and organically increasing apartment rents to market rates.
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Highlights
- Opportunity to Acquire a Gut-Renovated Asset in Mount Vernon
- Unit mix consists of (2) Studios, (6) 1 Br-1 Ba, and (1) 2 Br-1 Ba
- Current ownership completed a renovation of the property in 2014 which included unit renovations
- Typical apartment features consist of stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, hardwood flooring, and in-unit washer/dryers
- Numerous capital projects have been completed including the installation of all new mechanical systems, refurbished windows, and preserved the historic details of the property
- Additional Value-Add Potential Exists to Further Increase Revenue
- Implement a water reimbursement program upon renewal and/or new lease
- Ability to further increase rents based on comparable properties in the area that have undergone renovations
- Increase parking rent to $150 as off-street parking is a highly sought after amenity of city living
- Excellent Location in Historic Mount Vernon; 5 Minute Walk Away from UMMC
- Ranked a Walker's Paradise by WalkScore, just steps away from dining, retail, and cultural attractions
- Close proximity to Downtown Baltimore and Inner Harbor
- Major area employers nearby: University of Maryland Medical Center Midtown Campus (UMMC), Agora Financial, Mercy Medical Center
- Major area colleges nearby: Peabody Institute of the Johns Hopkins University, University of Baltimore, Maryland Institute College of Art (MICA)
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Contacts
Location
Getting Around
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Walk Score ®
95/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
79/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Little Italy
- Zip Code 21202
- Market Baltimore
Points of Interest
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Shot Tower
0.26 miles
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Shot Tower/Market Place
0.30 miles
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Charles Center
0.66 miles
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Johns Hopkins Hospital
0.80 miles
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Baltimore Arena
0.97 miles
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Convention Center
0.97 miles
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Camden Street
1.01 miles
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Camden Station
1.02 miles
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Lexington Market
1.03 miles
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Lexington Market
1.07 miles
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Mystik
0.18 miles
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BP
0.38 miles
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Maryland Science Center
0.70 miles
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Sunoco
0.82 miles
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Citgo
0.85 miles
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BP
1.05 miles
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BP
1.09 miles
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BP
1.09 miles
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ChargePoint
1.10 miles
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Shell
1.18 miles
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Da Mimmo Parking
0.09 miles
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Old Bay Garage
0.12 miles
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Little Italy Garage
0.14 miles
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Pier 6 Parking
0.22 miles
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Fayette Street Garage
0.26 miles
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Harbor Park Garage
0.26 miles
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Fleet & Eden Garage
0.28 miles
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Lockwood Place Garage
0.33 miles
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Water Street Garage
0.43 miles
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Church Garage
0.44 miles
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1840s Carrollton Inn
0.17 miles
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Fairfield Inn & Suites Baltimore Downtown/Inner Harbor
0.17 miles
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Hyatt Place
0.24 miles
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Homewood Suites
0.26 miles
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Hilton Garden Inn
0.27 miles
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Baltimore Marriott Waterfront
0.29 miles
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Courtyard
0.30 miles
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Pier 5 Hotel
0.31 miles
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Four Seasons
0.35 miles
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Sleep Inn & Suites Downtown Inner Harbor, MD
0.46 miles
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Da Mimmo
0.06 miles
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Isabella's Brick Oven
0.06 miles
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Caesar's Den
0.06 miles
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Amicci's
0.07 miles
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Mugs' Bistro
0.08 miles
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Boston’s Restaurant & Sports Bar
0.08 miles
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Chiapparelli’s
0.08 miles
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Ciao Bella
0.09 miles
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Rocco's
0.10 miles
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Frank Velleggia's Casa di Pasta
0.10 miles
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Saint Leo's School
0.04 miles
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Stratford University
0.08 miles
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City Springs Elementary/Middle School
0.24 miles
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McKim's Free School
0.24 miles
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Lombard Middle School
0.30 miles
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Baltimore City Community College-Harbor Campus
0.34 miles
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Johns Hopkins Carey Business School
0.35 miles
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Living Classrooms Foundation
0.43 miles
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Charles Carroll of Carrollton Elementary School
0.44 miles
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The Crossroads School
0.45 miles
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Charles Plaza Child Care & Development
0.81 miles
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All My Children Child Care Center
1.00 miles
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Kiddie Academy
1.28 miles
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Downtown Baltimore Child Care, Inc.
1.31 miles
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Saint Vincent de Paul Head Start
1.34 miles
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Dynamic Deliverance Childcare Center
1.52 miles
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Bolton Hill Nursery
1.74 miles
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Headstart, Harford Elementary School Modular
1.80 miles
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Bright Beginnings
2.69 miles
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Homewood Early Learning Center
2.95 miles
Frequently Asked Questions
What is the total square footage of Flats at 842 Park?
Flats at 842 Park totals 6,801 square feet.
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