Washington Street Apartments - 207 S Washington St, Baltimore, MD 21231

Washington Street Apartments are located in the Southeast Baltimore neighborhood of Fells Point. Established in 1763, this historic neighborhood contains an abundance of boutiques, bars, restaurants, and live music that are accented with beautiful cobblestone streets. This prominent neighborhood is nestled on the outer harbor and roughly just two miles from Baltimore's downtown district. With a Walk Score of 98, this neighborhood is ranked a "Walker's Paradise". The neighborhood sits adjacent to the premier waterfront neighborhoods of Canton and Harbor Point. At the conclusion of development, Harbor Point will feature three million square feet of mixed-use space on twenty-seven acres, including nine and a half acres of waterfront parks. The top employer of the area is the world-renowned Johns Hopkins Hospital, which is separated by just a few blocks from the subject property. Johns Hopkins has sat comfortably as the top-ranked hospital in the nation, per US News & World Report, for the past 22 years and employs 19,340 people. In addition, Johns Hopkins also has four graduate schools located in the area: the School of Medicine, School of Nursing, Bloomberg School of Public Health, and Carey School of Business. Kennedy Krieger is another major employer of the area, employing roughly 2,417 individuals. Krieger is an internationally recognized institution which seeks to improve the lives of children and adults with developmental disabilities. Other major employers in the area include Exelon, H&S Bakery, and Laureate Education. Washington Street Apartments, located at 207 South Washington Street, represent an opportunity to acquire a 2016 gut renovated, turn-key asset in desirable Upper Fells Point. The property is comprised of (2) 1 Br-1 Ba units and (2) 2 Br-2 Ba units with an average rent of $1,600. Each unit contains an open living space with new hardwood floors, carpeted bedrooms, ceramic tile bathrooms, modern kitchens with granite counter tops and stainless steel appliances, in-unit laundry, central HVAC, and a rooftop deck for tenant use. The property has updated electric and plumbing and replacement vinyl windows. Certified lead-free property.