714-716 N Fremont

Harbor Stone Advisors is pleased to present the opportunity to acquire 714-716 N Fremont, a Baltimore City asset. The property is located in close proximity to the Walters Art Museum, Lexington Market, and the newly renovated CFG Arena. 714-716 N Fremont features 7 units with a mix of (6) 1 Br-1 Ba and (1) Commercial unit. Typical unit features consist of stainless steel/white/black appliances, formica countertops, wood cabinets, and tile and carpeted flooring.

At 714-716 N Fremont, the ground floor is currently leased to a rehabilitation company specializing in outpatient rehabilitation housing through September 2031 with a 3% annual rent increase. The commercial tenant has a master-lease structure with the residential units through September 2031. The Master-lease provides certainty of rental income.

Opportunity to Acquire a Mid-Sized Baltimore City Asset

• Features 7 units with a mix of (6) 1 Br-1 Ba and (1) Commercial Unit
• Typical unit features consist of stainless steel/white/black appliances, formica countertops, wood cabinets, and tile and carpeted flooring.

Minimal Deferred Maintenance and a Long Term Master-Lease

• Currently leased to a rehabilitation company specializing in outpatient rehabilitation housing through September 2031.
• A new owner has the opportunity to continue to operate with a master lease through September 2031, with an exercisable 5 year lease extension at the end of the current lease in 2031.

Convenient Location in Baltimore City With Easy Access to Downtown Baltimore

• In Close proximity to Walters Art Museum, Lexington Market, and the newly renovated CFG Arena.
• Easy access to major interstates I-895, I-95, I-695, and I-83; convenient access to other neighborhoods such as Otterbein and federal Hill
• Located near major redevelopments prompting economic growth in the area
• Major area employers/colleges nearby: Coppin State University, Baltimore City Community College, Social Security Administration, University of Baltimore, Maryland Institute College of Art (MICA)

714-716 N Fremont is located in a residential section of Baltimore City, conveniently positioned adjacent to Mount Vernon and Downtown. Residents enjoy easy access to a rich array of cultural attractions, including museums, theaters, libraries, and performance venues. The area also offers an eclectic mix of boutiques, art galleries, and popular dining destinations, providing a vibrant and dynamic urban lifestyle.

Ample public transportation exists nearby. The property is a couple blocks away from the Metro SubwayLink Station, which provides residents with direct access to Downtown Baltimore and the University of Maryland Baltimore / University of Maryland Medical Center (one of the largest employers in the area). Carver Technical High School, one of the top ranking public high schools in the city, is also just several blocks away.

Several major developments are taking place within a short distance of the property. Mondawmin Mall, and Druid Hill Park are both set to undergo multi-million dollar investment in the near future. Nearby university, Coppin State, has also received significant recent investment as part of an on-going revitalization effort.