For Sale $2,350,000
Property Type Other
Units 36
Additional Rent Contact for pricing
Year Built 1925
Date Updated Nov 4, 2024

3302-3306 & 3512-3516 Clifton Ave. | Baltimore, MD 21216

Harbor Stone Advisors is pleased to present the opportunity to acquire Clifton Commons, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 Br-1 Ba. Current ownership completed a gut renovation of the property in 2014 which included apartment renovations. Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring. In addition to apartment renovations, ownership also replaced the roof, windows, and doors, updated all mechanical systems, refreshed the common area, and performed exterior brickwork.

The opportunity exists for a new owner to organically increase rents, as rents at Clifton Commons are under market. Comparable properties in the area are achieving rents at least $300 higher on average than the Subject property. Additionally, a new owner can also lease to Section 8 tenants, providing a certainty of rental income.

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Attachments

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Highlights

Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
Consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 Br-1 Ba
Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring
Some units have balconies and all tenants reimburse for water
Minimal Deferred Maintenance and Ability to Substantially Increase Rents
Current ownership completed a gut renovation of the property in 2014 which included apartment renovations, roof, window, and door replacements, update of mechanical systems, refresh of the common area, and exterior brickwork
Opportunity exists for a new owner to organically increase rents; comparable properties in the area are achieving rents at least $300 higher on average than the Subject property
A new owner can also lease to Section 8 tenants, providing a certainty of rental income
Located in Mount Holly Area of NW Baltimore City
Easy access to major highways and multiple bus stops are located near the property
Major area employers nearby: Sinai Hospital, Social Security Administration, Coppin State University
Major area colleges nearby: Coppin State University, Baltimore City Community College

Contacts

Location

Getting Around

Walk Score ®
84/100 Very Walkable
Transit Score ®
64/100 Good Transit
Bike Score ®
42/100 Somewhat Bikeable

Map
Street

City Baltimore, MD
Neighborhood Walbrook
Zip Code 21216
Market Baltimore

Points of Interest

Penn–North

1.63 miles
Upton

2.06 miles
Woodberry

2.10 miles
Cold Spring Lane

2.65 miles
North Avenue

2.70 miles
State Center

2.75 miles
Mount Royal / MICA

2.86 miles
Cultural Center

2.86 miles
Mount Vernon

3.01 miles
Lexington Market

3.06 miles

BP

0.25 miles
Gulf

0.72 miles
Crown

1.24 miles
Carroll Motor Fuels

1.28 miles
Marathon

1.35 miles
7-Eleven

1.40 miles
Shell

1.64 miles
Volta Charging

2.75 miles
Blink

2.84 miles
Tesla Destination Charger

2.92 miles

Windsor Mill Road Trailhead Parking Lot

0.79 miles
Lot J

0.90 miles
Lot E1

0.93 miles
Lot E2

0.98 miles
Lot D

1.00 miles
Lot E3

1.02 miles
Lot C

1.05 miles
Lot F

1.09 miles
Lot B

1.11 miles
Lot G

1.12 miles

Motel 6

2.91 miles
Red Carpet Inn

2.95 miles
Hotel Brexton

2.99 miles
Fayette Square

3.03 miles
Biltmore Suites Hotel - Main Building

3.03 miles
Biltmore Suites Hotel - Park Avenue Building

3.04 miles
Downtown Hotel

3.05 miles
La Quinta

3.11 miles
SpringHill Suites Baltimore Downtown Convention Center Area

3.12 miles
Revival Baltimore

3.14 miles

New York Chicken Fish & Grill

0.22 miles
EZ-mart

0.40 miles
Pak Man Fried Chicken

1.01 miles
Auntie Anne's

1.04 miles
Popeyes

1.05 miles
TGI Fridays

1.07 miles
Burger King

1.10 miles
Dunkin'

1.12 miles
Ling’s Carry Out

1.15 miles
Sun Carry-Out

1.16 miles

Edgewood Elementary School

0.25 miles
Walbrook High School

0.28 miles
Hilton Elementary School

0.53 miles
Belmont Elementary School

0.57 miles
Gwynns Falls Elementary School

0.57 miles
Windsor Hills Elementary School

0.60 miles
Bard High School Early College Baltimore

0.65 miles
ConneXions Community Leadership Academy

0.66 miles
Angela Y. Davis Leadership Academy

0.68 miles
William H Lemmel Middle School

0.68 miles

Children of Victory Learning Center

2.00 miles
The New Rogers Avenue Day Nursery

2.32 miles
Bolton Hill Nursery

2.67 miles
Homewood Early Learning Center

2.80 miles
Downtown Baltimore Child Care, Inc.

2.89 miles
Charles Plaza Child Care & Development

3.36 miles
All My Children Child Care Center

3.36 miles
Kiddie Calvert

3.42 miles
The Waverly Early Head Start Center of Goodwill

3.74 miles
Bright Stars Learning Center

3.86 miles

Frequently Asked Questions

How much does Clifton Commons cost?

The space currently listed for sale at Clifton Commons asks for $2,350,000.

What is the total square footage of Clifton Commons?

Clifton Commons totals 28,800 square feet.

When was this property built?

Clifton Commons was built in 1925.

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