Russell Apartments

2012 Russell Ave., Woodlawn, MD 21207

View Executive Summary

2012 Russell Ave. | Woodlawn, MD 21207

Harbor Stone Advisors is pleased to present the opportunity to acquire Russell Apartments, a mid-sized multifamily asset located in Baltimore County. The property consists of 12 units with a unit mix of (5) 1 Br-1 Ba, (5) 2 Br-1 Ba, and (2) 3 Br-2 Ba. Typical unit features include white/black/stainless steel appliances, wood cabinets, formica/granite countertops, and carpet/wood/laminate flooring. There is also a surface parking lot with 12 parking spaces.

Current ownership gut renovated half of the units at Russell Apartments in 2022 with updated appliances, resurfaced countertops, updated flooring, new bathroom vanities, and updated plumbing and electric. The opportunity exists for a new owner to continue this renovation on the remaining 6 classic units. Comparable properties nearby are currently achieving rents $500 higher on average than the Subject property. Additionally, a new owner can implement a utility reimbursement program upon renewal and/or new lease and evaluate the potential to charge for parking.

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Highlights

  • Opportunity to Acquire a Mid-Sized Multifamily Asset in Baltimore County
  • Consists of 12 units with a unit mix of (5) 1 Br-1 Ba, (5) 2 Br-1 Ba, and (2) 3 Br-2 Ba
  • Typical unit features include white/black/stainless steel appliances, wood cabinets, formica/granite countertops, and carpet/wood/laminate flooring
  • There is also a surface parking lot with 12 parking spaces
  • Ability to Continue Existing Renovation and Further Increase Rents
  • Opportunity exists for a new owner to continue renovation on the remaining 6 classic units
  • Comparable properties nearby are currently achieving rents $500 higher on average than the Subject property
  • A new owner can also implement a utility reimbursement program upon renewal and/or new lease and evaluate the potential to charge for parking
  • Excellent Location in Woodlawn, MD
  • Property is located minutes from major highways with direct access to Downtown Baltimore
  • Major area employers nearby: Social Security Administration (SSA), the Centers for Medicare and Medicaid Services
  • Major area colleges nearby: University of Maryland Baltimore County (UMBC), Coppin State University, Baltimore City Community College

Contacts

broker

Justin Verner

Harbor Stone Advisors

(410) 960-3962

broker

Brooks Healy

Harbor Stone Advisors

(443) 523-6865

broker

Shana Callahan

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

broker

Tom Wohlgemuth

Harbor Stone Advisors

(240) 444-4656

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Woodlawn, MD
  • Neighborhood Dorchester
  • Zip Code 21207
  • Market Baltimore

Points of Interest

  • West Cold Spring

    0.67 miles

  • Rogers Avenue

    0.80 miles

  • Reisterstown Plaza

    1.60 miles

  • Cold Spring Lane

    2.08 miles

  • Mondawmin

    2.08 miles

  • Woodberry

    2.23 miles

  • Milford Mill

    2.58 miles

  • Penn–North

    2.82 miles

  • Mount Washington

    2.92 miles

  • West Baltimore

    3.32 miles

  • BP

    0.49 miles

  • Crown

    0.50 miles

  • BP

    0.56 miles

  • Marathon

    0.56 miles

  • Carroll Motor Fuels

    0.57 miles

  • CIF

    1.02 miles

  • Exxon

    1.06 miles

  • Shell

    1.13 miles

  • Crown

    1.19 miles

  • Exxon

    1.24 miles

  • C

    1.55 miles

  • D

    1.62 miles

  • Cylburn Parking Garage

    1.71 miles

  • Lot E2

    1.87 miles

  • Lot J

    1.89 miles

  • Lot E1

    1.89 miles

  • Lot E3

    1.92 miles

  • Lot F

    1.97 miles

  • Lot D

    2.01 miles

  • Lot G

    2.03 miles

  • Red Carpet Inn

    1.22 miles

  • Delta Hotels Marriott

    2.48 miles

  • Mt. Washington Conference Center

    2.90 miles

  • Leisure Inn

    3.38 miles

  • Best Western

    3.44 miles

  • Hampton Inn & Suites Baltimore/Woodlawn

    3.44 miles

  • Days Inn

    3.47 miles

  • Inn at the Collonade

    3.48 miles

  • Motel 6

    3.50 miles

  • Motel 6

    3.89 miles

  • Peking Court

    0.89 miles

  • McDonald's

    0.96 miles

  • McDonald's

    1.03 miles

  • Halal Foods

    1.09 miles

  • Subway

    1.09 miles

  • Sumo Hibachi

    1.10 miles

  • New York Fried Chicken

    1.11 miles

  • KT's Kitchen

    1.12 miles

  • Pimlico Chinese Carry Out

    1.13 miles

  • Dunkin'

    1.20 miles

  • George W McMechen Middle/High School

    0.19 miles

  • Garrison Middle School

    0.19 miles

  • Forest Park High School

    0.30 miles

  • Callaway Elementary School

    0.38 miles

  • All Saints School

    0.43 miles

  • Boykin's Karate Academy

    0.46 miles

  • Maarifa Children's Center

    0.50 miles

  • New Madenah Academy

    0.54 miles

  • Langston Hughes Elementary School

    0.56 miles

  • Calvin Rodwell Elementary School

    0.59 miles

  • The New Rogers Avenue Day Nursery

    0.58 miles

  • Kiddie Calvert

    2.57 miles

  • Homewood Early Learning Center

    3.27 miles

  • Goddard

    3.67 miles

  • Children of Victory Learning Center

    3.67 miles

  • Bolton Hill Nursery

    3.83 miles

  • Mema's Early Learning Center LLC, License

    4.04 miles

  • Bright Stars Learning Center

    4.05 miles

  • Downtown Baltimore Child Care, Inc.

    4.34 miles

  • All My Children Child Care Center

    4.59 miles

Frequently Asked Questions

What is the lease rate for Russell Apartments?

Rental asking rate at Russell Apartments is $487,500.00/YR.

What is the total square footage of Russell Apartments?

Russell Apartments totals 8,403 square feet.

When was this property built?

Russell Apartments was built in 1910.

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