- For Sale $2,600,000
- Property Type Other
- Property Size 19,000 SF
- Units 20
- Additional Rent Contact for pricing
- Year Built 1965
- Date Updated Nov 4, 2024
901-903 Woodson Rd. | Baltimore, MD 21212
Harbor Stone Advisors is pleased to present the opportunity to acquire Cedar Hill Apartments, a mid-sized garden complex located in North Baltimore City. The property consists of (20) large 2 Br-1 Ba units with every unit having 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.
The 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. Additionally, a new owner can install in-unit washer/dryers for an additional premium and implement a utility reimbursement program upon renewal and/or new lease.
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Attachments
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
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Contacts
Location
Getting Around
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Walk Score ®
51/100
Somewhat Walkable
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Transit Score ®
56/100
Good Transit
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Bike Score ®
31/100
Somewhat Bikeable
- City Baltimore, MD
- Neighborhood Lake Walker
- Zip Code 21212
- Market Baltimore
Points of Interest
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Falls Road
2.61 miles
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Mount Washington
2.71 miles
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Cold Spring Lane
3.06 miles
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Woodberry
3.50 miles
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North Avenue
4.18 miles
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Baltimore Penn Station
4.39 miles
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Mount Royal / MICA
4.45 miles
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Timonium
4.63 miles
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Penn–North
4.68 miles
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Cultural Center
4.70 miles
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ChargePoint
0.42 miles
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Mobil
0.50 miles
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Exxon
0.58 miles
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Carroll Motor Fuels
0.92 miles
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Marathon
0.99 miles
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Sunoco
1.12 miles
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Tesla Supercharger
2.28 miles
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eVgo
2.75 miles
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Blink
2.82 miles
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Volta Charging
2.85 miles
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Schwartz Ave Parking Lot
0.52 miles
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Park here for Herring Run Nursery
1.25 miles
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Patient/Visitor Parking Garage
1.32 miles
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Employee Parking Garage
1.37 miles
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Emergency Department Parking
1.42 miles
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Lot 20
1.45 miles
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Glen Garage
1.47 miles
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Lot 13
1.51 miles
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Lot 12
1.52 miles
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Lot 11
1.52 miles
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Hampton Inn Towson
1.95 miles
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Home2 Suites Towson
1.96 miles
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Towson East Motel
2.48 miles
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Sheraton
2.51 miles
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Express Inn
2.54 miles
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Delta Hotels Marriott
2.63 miles
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Holiday Inn Express Towson Baltimore North
2.67 miles
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Inn at the Collonade
2.68 miles
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Days Inn
2.78 miles
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The Welcome Inn
2.83 miles
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Mexican on the Run
0.38 miles
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Chan’s Chinese Carry-Out
0.40 miles
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Sherwood Carry Out
0.40 miles
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Thelma Jeans
0.41 miles
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Little Caesars
0.41 miles
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Robby's Deli
0.42 miles
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Panera Bread
0.43 miles
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Zoës Kitchen
0.48 miles
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Five Guys
0.48 miles
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Vito's Pizza
0.48 miles
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Cedarcroft School
0.59 miles
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Leith Walk Elementary School
0.65 miles
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Mercy High School
0.71 miles
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Govans Presbyterian Preschool
0.74 miles
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Govans Elementary School
0.75 miles
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Stoneleigh Elementary School
0.85 miles
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Dumbarton Middle School
0.96 miles
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Chinquapin Middle School
1.02 miles
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Rodgers Forge Elementary School
1.03 miles
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Towson University
1.10 miles
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Early Childhood learning Center YMCA
2.07 miles
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Trinity Episcopal Preschool
2.25 miles
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Mema's Early Learning Center LLC, License
2.29 miles
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Bright Stars Learning Center
2.30 miles
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Kiddie Calvert
2.54 miles
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Scholars in Wonderland Childcare Center
2.60 miles
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Creative Expression Childcare
2.73 miles
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Sherman Early Childhood Center
2.76 miles
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Fields Preparatory Early Learning Center
2.82 miles
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The Waverly Early Head Start Center of Goodwill
3.12 miles
Frequently Asked Questions
How much does Cedar Hill cost?
The space currently listed for sale at Cedar Hill asks for $2,600,000.
What is the total square footage of Cedar Hill?
Cedar Hill totals 19,000 square feet.
When was this property built?
Cedar Hill was built in 1965.
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