- For Sale $990,000
- Property Type Other
- Property Size 11,034 SF
- Units 15
- Year Built 1930
- Date Updated Apr 26, 2024
- Website windsorapartments.sharplaunch.com
2826 Windsor Ave. | Baltimore, MD 21216
Harbor Stone Advisors is pleased to present the opportunity to acquire Windsor Apartments, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of (15) spacious 1 Br-1 Ba units. 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 laminate 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 Windsor 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. There is also an ability for a new owner to rebid the trash contract as it is higher than what is typical for a property of this size.
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Attachments
Highlights
- Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
- Consists of (15) spacious 1 Br-1 Ba units
- Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood laminate flooring
- 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 Walbrook Area of NW Baltimore City
- Easy access to major highways and multiple bus stops are located near the property
- Major area employers nearby: Social Security Administration, Coppin State University, Sinai Hospital
- Major area colleges nearby: Coppin State University, Baltimore City Community College
False
Contacts
Location
Getting Around
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Walk Score ®
75/100
Very Walkable
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Transit Score ®
75/100
Excellent Transit
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Bike Score ®
47/100
Somewhat Bikeable
- City Baltimore, MD
- Neighborhood Panway - Braddish Avenue
- Zip Code 21216
- Market Baltimore
Points of Interest
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Mondawmin
0.77 miles
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Penn–North
1.23 miles
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West Baltimore
1.48 miles
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West Cold Spring
1.68 miles
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Upton
1.69 miles
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Woodberry
1.74 miles
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North Avenue
2.29 miles
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Cold Spring Lane
2.38 miles
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State Center
2.38 miles
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Mount Royal / University of Baltimore
2.46 miles
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Gulf
0.31 miles
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BP
0.41 miles
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Carroll Motor Fuels
1.28 miles
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Crown
1.33 miles
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Marathon
1.34 miles
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BP
1.35 miles
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7-Eleven
1.37 miles
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Crown
1.40 miles
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Clark
1.55 miles
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Crown
1.63 miles
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Lot J
0.50 miles
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Lot E1
0.54 miles
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Lot D
0.58 miles
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Lot E2
0.59 miles
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Lot E3
0.63 miles
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Lot C
0.64 miles
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Lot F
0.68 miles
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Lot B
0.69 miles
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Lot G
0.71 miles
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West Baltimore MARC Station Parking
1.55 miles
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Motel 6
2.50 miles
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Hotel Brexton
2.62 miles
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Downtown Hotel
2.67 miles
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Biltmore Suites Hotel - Main Building
2.67 miles
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Biltmore Suites Hotel - Park Avenue Building
2.69 miles
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Fayette Square
2.72 miles
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Belvedere
2.76 miles
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Revival Baltimore
2.79 miles
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La Quinta
2.79 miles
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La Quinta Inn & Suites by Wyndham Baltimore Downtown
2.85 miles
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EZ-mart
0.26 miles
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New York Chicken Fish & Grill
0.39 miles
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Pak Man Fried Chicken
0.62 miles
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Auntie Anne's
0.63 miles
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Popeyes
0.64 miles
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TGI Friday's
0.67 miles
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Ling’s Carry Out
0.77 miles
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Sun Carry-Out
0.78 miles
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K & K Carry-Out
1.02 miles
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Friendly Fried Chicken
1.02 miles
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Gwynns Falls Elementary School
0.21 miles
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William H Lemmel Middle School
0.35 miles
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Coppin State University
0.38 miles
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William S Baer School
0.47 miles
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Robert W Coleman Elementary School
0.50 miles
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Doctor Lillie M Jackson Alternative Elementary School
0.55 miles
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Baltimore City Community College
0.56 miles
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Rosemont Elementary School
0.59 miles
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Hilton Elementary School
0.63 miles
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Douglass High School
0.63 miles
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Children of Victory Learning Center
2.12 miles
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Bolton Hill Nursery
2.28 miles
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Homewood Early Learning Center
2.38 miles
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The New Rogers Avenue Day Nursery
2.42 miles
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Downtown Baltimore Child Care, Inc.
2.58 miles
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All My Children Child Care Center
2.99 miles
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Charles Plaza Child Care & Development
3.02 miles
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Kiddie Calvert
3.18 miles
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Bright Stars Learning Center
3.46 miles
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Mema's Early Learning Center LLC, License
3.46 miles
Frequently Asked Questions
What is the lease rate for Windsor Apartments?
Rental asking rate at Windsor Apartments is $495,000.00/YR.
What is the total square footage of Windsor Apartments?
Windsor Apartments totals 11,034 square feet.
When was this property built?
Windsor Apartments was built in 1930.
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