- For Sale $850,000
- Property Type Other
- Property Size 2,406 SF
- Units 5
- Additional Rent Contact for pricing
- Date Updated Sep 18, 2024
- Website flatsat29th.sharplaunch.com
301 E 29th St. | Baltimore, MD 21218
Harbor Stone Advisors is pleased to present Flats at 29th, a renovated multifamily asset located in Charles Village. The property is a 12 minute walk away from Johns Hopkins University (JHU) and MedStar Union Memorial Hospital, two of the top employers in Baltimore City. Flats at 29th is also a 6-minute walk away from a JHU shuttle stop. The JHU Shuttle not only makes stops at the main university campus, but also stops at Penn Station, Johns Hopkins Hospital, and the Peabody Institute of the Johns Hopkins University.
The property features 5 apartments with a unit mix of (4) 1 Br-1 Ba and (1) 3 Br-2 Ba. Prior ownership completed a renovation of the building in 2015 which included apartment renovations.Typical unit features consist of stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers.
The opportunity exists for a new owner to organically increase rents at Flats at 29th, as they are currently under market. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $180 higher on average than the Subject property. There is also an opportunity to implement a water reimbursement program upon renewal and/or new lease.
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Attachments
Highlights
- Opportunity to Acquire a Renovated Asset in Charles Village
- Features 5 apartments with a unit mix of (4) 1 Br-1 Ba and (1) 3 Br-2 Ba
- Prior ownership completed a renovation of the building in 2015 which included apartment renovations
- Typical unit features consist of stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers
- Ability to Organically Increase Rents
- Opportunity exists for a new owner to organically increase rents at Flats at 29th, as they are currently under market
- Similar properties nearby are achieving rents at least $180 higher on average
- There is also an opportunity to implement a water reimbursement program upon renewal and/or new lease
- Half Mile Away from Johns Hopkins University and MedStar Union Memorial Hospital
- 6-minute walk away from a JHU shuttle stop that makes stops at the main university campus, but also stops at Penn Station, Johns Hopkins Hospital, and the Peabody Institute of the Johns Hopkins University.
- Close proximity to neighboring areas such as Old Goucher, Hampden and Station North
- Major area employers/colleges nearby: JHU, MedStar Union Memorial Hospital, Loyola University of Maryland, Morgan State University, University of Baltimore
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Contacts
Location
Getting Around
-
Walk Score ®
89/100
Very Walkable
-
Transit Score ®
65/100
Good Transit
-
Bike Score ®
71/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Johns Hopkins Homewood
- Zip Code 21218
- Market Baltimore
Points of Interest
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Mount Royal / University of Baltimore
1.34 miles
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Upton
1.80 miles
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Centre Street
2.07 miles
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Charles Center
2.57 miles
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Baltimore Arena
2.63 miles
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Shot Tower/Market Place
2.64 miles
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Shot Tower
2.66 miles
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West Cold Spring
2.90 miles
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Camden Station
2.98 miles
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Camden Street
3.01 miles
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US Fuel
0.57 miles
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Crown
0.57 miles
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Carroll Motor Fuels
0.58 miles
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Exxon
0.60 miles
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eVgo
0.67 miles
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Sunoco
0.83 miles
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Oceanic
0.97 miles
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American Fuel
0.97 miles
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Marathon
1.17 miles
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Volta Charging
1.19 miles
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West Garage
0.29 miles
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Baltimore Police Department Parking
0.30 miles
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R. House Parking
0.32 miles
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Johns Hopkins at Keswick Parking Garage (Employee Only)
0.70 miles
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Brown Rice Parking
0.72 miles
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Theatre Parking
1.21 miles
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Parking-Loyola
1.32 miles
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Fitzgerald Garage
1.32 miles
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Parking-Loyola
1.32 miles
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Area D
1.35 miles
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Inn at the Collonade
0.50 miles
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Motel 6
1.07 miles
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Downtown Hotel
1.56 miles
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The Ivy Hotel
1.66 miles
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Belvedere
1.72 miles
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Hotel Brexton
1.77 miles
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Biltmore Suites Hotel - Park Avenue Building
1.97 miles
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Biltmore Suites Hotel - Main Building
1.97 miles
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Revival Baltimore
2.04 miles
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Hotel Indigo
2.19 miles
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Gertrude's
0.05 miles
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Homeslyce Pizza Bar
0.18 miles
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Döner Brös
0.18 miles
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Honeygrow
0.18 miles
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Akira Ramen & Izakaya
0.18 miles
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Busboys and Poets
0.19 miles
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Chipotle
0.20 miles
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Ajumma
0.20 miles
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Potbelly
0.20 miles
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PureGreen
0.21 miles
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Johns Hopkins University
0.18 miles
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Johns Hopkins University School of Education
0.33 miles
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The Community School
0.38 miles
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Barclay Elementary School
0.45 miles
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Margaret Brent Elementary/Middle School
0.54 miles
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First English Evangelical Lutheran School
0.59 miles
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Hampden Elementary/Middle School
0.69 miles
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Career Academy
0.73 miles
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Waverly Career Center
0.75 miles
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Venable High School
0.76 miles
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Homewood Early Learning Center
0.27 miles
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Bright Stars Learning Center
0.92 miles
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Mema's Early Learning Center LLC, License
0.93 miles
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Bolton Hill Nursery
1.45 miles
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Headstart, Harford Elementary School Modular
1.73 miles
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Saint Vincent de Paul Head Start
1.80 miles
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All My Children Child Care Center
1.93 miles
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Charles Plaza Child Care & Development
2.37 miles
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Downtown Baltimore Child Care, Inc.
2.42 miles
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Kiddie Calvert
2.44 miles
Frequently Asked Questions
How much does Flats at 29th cost?
The space currently listed for sale at Flats at 29th asks for $850,000.
What is the total square footage of Flats at 29th?
Flats at 29th totals 2,406 square feet.
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