2001 EASTERN
Opportunity to Acquire a Renovated Asset with Further Value-Add Potential in Southeast Baltimore
2001 Eastern Ave. | Baltimore, MD 21231
Harbor Stone Advisors is pleased to present the opportunity to acquire 2001 Eastern Ave., a renovated asset located in Southeast Baltimore City. The property is conveniently located between the Fells Point and Canton neighborhoods, and is just steps away from numerous shops, bars, and restaurants. 2001 Eastern Ave. features (4) 2 Br-1 Ba units and (1) commercial space. The commercial space is leased to Mid-Atlantic Spinal Rehab and Chiropractic through July 2027.
Prior ownership completed a renovation of the building in 2020 which included apartment renovations. Typical unit features consist of black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents as they are currently under market. Comparable properties in the area are achieving rents $300 higher on average.
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