- For Sale $2,266,200
- Property Type Other
- Units 15
- Additional Rent Contact for pricing
- Date Updated Dec 18, 2024
1210-1212 Saint Paul St. | Baltimore, MD 21202
Harbor Stone Advisors is pleased to present Lofts at 1210-1212 Saint Paul, a gut renovated multifamily asset located in Historic Mount Vernon. The property is a 3 minute walk away from University of Baltimore and a half mile away from UMMC Midtown Campus. Lofts at 1210-1212 Saint Paul is also a 7-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.
The property features 15 apartments with a unit mix of (10) Studios, (1) 1 Br-1 Ba, (2) 1 Br-1.5 Ba, and (2) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring. Lofts at 1210-1212 Saint Paul also has 3 off street parking spaces located behind the building. Prior ownership completed a gut renovation of the property in 2015 which included apartment upgrades as well as new mechanical systems and window replacements.
The opportunity exists for a new owner to organically increase rents at Lofts at 1210-1212 Saint Paul, as they are currently under market. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $300 higher on average than the Subject property. There is also an opportunity to implement parking fees to tenants as off-street parking is a highly sought after amenity of city living.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Opportunity to Acquire a Gut Renovated Asset in Historic Mount Vernon
- Features 15 apartments with a unit mix of (10) Studios, (1) 1 Br-1 Ba, (2) 1 Br-1.5 Ba, and (2) 2 Br-1 Ba
- Typical unit features consist of stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring
- Property also has 3 off street parking spaces located behind the building
- Prior ownership completed a gut renovation of the property in 2015 which included apartment upgrades as well as new mechanical systems and window replacements
- Ability to Organically Increase Rents
- Opportunity exists for a new owner to organically increase rents
- Potential to increase rents at least 20% based on nearby rent comparables
- Ability to implement parking fees to tenants as off-street parking is a highly sought after amenity of city living
- Located in Historic Mount Vernon; 3 Minute Walk to University of Baltimore
- Ranked a Walker's Paradise by WalkScore
- 7-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years
- Major area employers nearby: University of Maryland Medical Center Midtown Campus, Maryland State Offices, and Mercy Medical Center
- Major area colleges nearby: University of Baltimore, Peabody Institute of The Johns Hopkins University, Maryland Institute College of Art (MICA)
False
Contacts
Location
Getting Around
-
Walk Score ®
98/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
80/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Mount Vernon
- Zip Code 21202
- Market Baltimore
Points of Interest
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Mount Vernon
0.36 miles
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Cultural Center
0.41 miles
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State Center
0.48 miles
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Baltimore Penn Station
0.54 miles
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Mount Royal / MICA
0.59 miles
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Lexington Market
0.59 miles
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Charles Center
0.69 miles
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Baltimore Arena
0.82 miles
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Shot Tower
0.84 miles
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North Avenue
0.93 miles
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Carroll Motor Fuels
0.37 miles
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Front Street Fuel Station (Government only)
0.54 miles
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Gulf
0.60 miles
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Marathon
0.63 miles
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Exxon
0.67 miles
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ChargePoint
0.80 miles
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Oceanic
0.93 miles
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BP
0.95 miles
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US Fuel
1.00 miles
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eVgo
1.21 miles
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Park PMI
0.15 miles
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Lot A
0.19 miles
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PNC Bank
0.21 miles
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601 N Calvert Street Garage
0.22 miles
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Lot B
0.24 miles
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Cathedral Street Lot
0.28 miles
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Maryland Avenue Garage
0.28 miles
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1205 Maryland Avenue Public Parking Lot
0.31 miles
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Maryland General Hospital Parking Garage
0.35 miles
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15 W. Franklin Street Garage
0.36 miles
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Ulysses
0.05 miles
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Midtown Inn
0.10 miles
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Belvedere
0.16 miles
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Revival Baltimore
0.23 miles
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Hotel Brexton
0.24 miles
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Biltmore Suites Hotel - Park Avenue Building
0.25 miles
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The Ivy Hotel
0.25 miles
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Biltmore Suites Hotel - Main Building
0.26 miles
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Downtown Hotel
0.33 miles
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Hotel Indigo
0.35 miles
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Never on Sunday
0.06 miles
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Subway
0.06 miles
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Mount Vernon Stable
0.06 miles
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Kumari
0.06 miles
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Charmed
0.08 miles
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Iggie's
0.08 miles
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San Pablo Street Tacos
0.08 miles
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Nepal House
0.08 miles
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Indigma
0.09 miles
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The Helmand
0.10 miles
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Baltimore School For The Arts
0.22 miles
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Downtown Baltimore Child Care / Park Avenue
0.23 miles
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The Peabody Institute of Johns Hopkins
0.24 miles
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Grace and Saint Peters School
0.24 miles
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New Foundations Mansef School
0.34 miles
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Saint Frances Academy
0.36 miles
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Gordon Plaza
0.43 miles
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University of Baltimore
0.43 miles
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Baltimore Design School
0.53 miles
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Saint Alphonsus School
0.53 miles
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All My Children Child Care Center
0.14 miles
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Charles Plaza Child Care & Development
0.50 miles
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Bolton Hill Nursery
0.64 miles
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Downtown Baltimore Child Care, Inc.
0.78 miles
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Saint Vincent de Paul Head Start
1.01 miles
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Dayspring Head Start Harford Heights
1.47 miles
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The Waverly Early Head Start Center of Goodwill
1.81 miles
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Play Workz Learning Center
1.87 miles
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Homewood Early Learning Center
1.91 miles
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Dynamic Deliverance Childcare Center
2.02 miles
Frequently Asked Questions
The space currently listed for sale at Lofts at 1210-1212 St. Paul asks for $2,266,200.
Lofts at 1210-1212 St. Paul totals 11,052 square feet.
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