1312-1316 Eutaw Pl - 1312-1316 Eutaw Pl, Baltimore, MD 21217

Opportunity to Acquire a Multifamily Asset in Bolton Hill . - Features 25 large units with a mix of (1) Studio, (6) 1 Br-1 Ba, (14) 2 Br-1 Ba, (2) 3 Br-1 Ba, and (2) carriage homes. - There is a landscaped courtyard with secured entry that tenants walk through to reach their units and a shared laundry area. - Typical unit features consist of white appliances, wood cabinets, formica countertops, and hardwood/tile flooring. Ability to Increase Rents Via Renovation Program . - Opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. - Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $350 higher on average compared to the Subject property. - Other value add opportunities include evaluating the possibility of implementing a utility reimbursement program upon renewal and/or new lease. Excellent Location in Bolton Hill . - Easy access to I-83 and Downtown Baltimore. - Less than a mile from Penn Station and only an 8-minute walk to the closest light rail station. - Major area employers/colleges nearby: Maryland Institute College of Art (MICA), University of Baltimore, University of Maryland Medical Center (UMMC) Midtown Campus, Social Security Administration