Cedar Hill

Attachments

• cedarhill.sharplaunch.com (PDF) opens in new window

Highlights

• Opportunity to Acquire a Mid-Sized Garden Apartment Community in North Baltimore City
• Consists of (20) large 2 Br-1 Ba units and every unit has a patio or balcony
• Typical unit features include white appliances, wood cabinets, hard surface countertops, and tile/carpet flooring
• Current ownership has completed multiple capital improvement projects after the last few years including replacement of the roof, new HVAC in 5 units, and updates to 5 units
• Ability to Create Additional Value and Increase Rents Via Renovation Program
• Opportunity exists for a new owner to perform a light renovation on all units with a suggested scope of stainless steel appliances and modern hardware and fixtures
• Comparable properties nearby are currently achieving rents at least 10% higher on average than the Subject property
• A new owner can also install in-unit washer/dryers for an additional premium and implement a utility reimbursement program upon renewal and/or new lease
• Excellent Location in North Baltimore
• Easy access to Downtown Baltimore and other nearby areas like Towson and Parkville
• Major area employers nearby: MedStar Good Samaritan Hospital, University of Maryland St. Joseph Medical Center, Greater Baltimore Medical Center (GBMC)
• Major area colleges nearby: Towson University, Loyola University of Maryland, Goucher College

Location

Getting Around

• Walk Score ®

  51/100 Somewhat Walkable

• Transit Score ®

  56/100 Good Transit

• Bike Score ®

  31/100 Somewhat Bikeable

Points of Interest