842 Park Ave - 842 Park Ave, Baltimore, MD 21202

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)