2028 Mt. Royal Terrace - 2028 Mt. Royal Terrace, Baltimore, MD 21217

Opportunity to Acquire a Multifamily Asset with Minimal Deferred Maintenance in Reservoir Hill . - Unit mix consists of (11) 1 Br-1 Ba, (1) 1 Br-1.5 Ba, (4) 2 Br-1 Ba, (2) 2 Br-1.5 Ba, and (3) 3 Br-2 Ba. - Typical unit features include white appliances, wood cabinets, laminate countertops, engineered bamboo/carpet/ceramic tile flooring, and in-unit washer/dryers in some units. - Current ownership completed an extensive renovation of the property in 2012 which included apartment upgrades, new roof and awning, refurbished lobby and corridors, replacement of 50% of the hot water heaters and 90% of heat pumps, and other projects. Ability to Create Value and Increase Rents Via Renovation Program . - Recently, the seller renovated two units with stainless steel appliances, new cabinets, granite countertops, and updated bathrooms; the opportunity exists to continue this renovation program on the remaining 19 units. - Potential to increase rents at least 15% based on nearby rent comparables. - Implement a water reimbursement program upon renewal and/or new lease. - Monetize the storage area in the basement by creating two or three larger storage rooms. Excellent Location in Reservoir Hill Near I-83; Less Than a 15 Minute Walk Away from MICA and UB . - Ranked a Walker's Paradise by WalkScore; various modes of public transportation are located less than a half mile away from property including the Light Rail and CityLink bus stops. - Located 1 mile away from Druid Hill Park, one of the largest green spaces in Baltimore City. - Major area employers nearby: Johns Hopkins University, Maryland Institute College of Art (MICA), University System of Maryland, University of Maryland Medical Center (UMMC) Midtown Campus. - Major area colleges nearby: MICA, University of Baltimore (UB), Coppin State University, Johns Hopkins University