414 APARTMENTS

414 S Conkling St

Baltimore, MD 21224

414 S. Conkling Street | Baltimore, MD 21224

Harbor Stone Advisors is pleased to present the unique opportunity to acquire 414 Apartments, a newly gut-renovated asset located in the Canton neighborhood of Baltimore City. The property is located less than a mile away from some of the best retail, dining and nightlife the city has to offer, including Mobtown Brewing Company, Canton Crossing Shopping Center, and O'Donnell Square. 414 Apartments is also just a 5 minute drive from the Johns Hopkins Medical Center Bayview Campus.

414 Apartments features 8 units with a mix of (4) 1 Br-1 Ba, (1) 2 Br-1 Ba, and (3) 2 Br-2 Ba. The property also has a roof top deck, an outdoor common area with grass, and secured access/buzzer entry. Current ownership completed a high-end, gut renovation of the property in 2023. Typical unit features consist of stainless steel appliances, quartz countertops, LVT flooring, in-unit washer/dryers, and luxury finishes. Ownership also updated the plumbing, electric, HVAC, and replaced the roof, leaving minimal deferred maintenance to a new owner. There is still potential for a new owner to add value via organically increasing rents and implementing a water reimbursement program upon renewal and/or new lease.

PRICE: $1,850,000

# OF UNITS: 8

YEAR RENOVATED: 2023

AVERAGE RENT: $2,047

OCCUPANCY: 100%