Baltimore SFR Portfolio

Harbor Stone Advisors is pleased to present Baltimore SFR Portfolio, a single-family rental portfolio located throughout Baltimore City. The portfolio features 7 single-family homes with a mix of 2 and 3 bedrooms. Prior ownership completed renovations of all the properties between 2015 and 2020 which included interior renovations, new plumbing, and updated electric. Typical unit features consist of white/black appliances, wood cabinets, granite/formica countertops, carpet/tile/hardwood flooring.

Current ownership renovated properties between 2015 and 2020 with updated appliances, plank flooring, fresh paint throughout, and new hardware/fixtures.  There is also an ability to perform a higher-end renovation on all of the properties to achieve additional premiums, with a suggested scope of stainless steel appliances, granite countertops, and updated bathrooms. The properties have the opportunity for voucher-based tenants, providing certainty of rental income.

Unique Opportunity to Acquire a Well-Maintained SFR Portfolio

•  Portfolio features 7 single-family homes with a mix of 2 and 3 bedrooms
• Prior ownership completed interior renovations of all the properties between 2015 and 2020
• Typical unit features consist of white/black appliances, wood cabinets, granite/formica countertops, carpet/tile/hardwood flooring

Ability to Create Value Via Renovation Program

• Focus on organically increasing rents
• Current ownership has recently updated properties with updated appliances, plank flooring, fresh paint throughout, and new hardware/fixtures; has achieved higher rents post updates
• Ability to perform a higher-end renovation on all of the properties to achieve additional premiums, with a suggested scope of stainless steel appliances, granite countertops, and updated bathrooms
• All properties have the opportunity to rent to voucher-based tenants, providing certainty of rental income

Well-Situated in Baltimore City

• Easy access to major highways and located near numerous public transportation stops
• Major area employers nearby: Johns Hopkins Hospital (Main Campus and Bayview Campus), and University of Maryland Medical Center (UMMC) Midtown Campus
• Major area colleges nearby: Morgan State University, Loyola University of Maryland, Maryland Institute College of Art (MICA), and The Johns Hopkins University