London House

Attachments

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

Highlights

• Mid-Rise Asset with Value Add Potential in Upper Park Heights
• Features a mix of (3) Studios, (17) 1 Br-1 Ba, (16) 2 Br-2 Ba, and (1) commercial unit
• Commercial space is leased to a medical office through December 2024
• Property amenities include a surface parking lot, two garages, balconies/patios for most units, and on-site laundry facility
• Typical unit features consist of white/black appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring
• Significant Potential to Increase Rents Via Renovation Program
• Opportunity exists for a new owner to renovate all of the residential units, with a suggested scope of black/stainless steel appliances, granite countertops, updated bathrooms, plank flooring throughout, and modern hardware/fixtures
• Comparable properties nearby are achieving rents at least $230 higher on average than the Subject property
• Other value add opportunities include renovating the down unit and bringing it back online, refreshing the common areas and converting the two garages to either an amenity space or an additional unit
• Excellent Location in NW Baltimore
• Easy access to I-695; multiple public transportation options nearby such as bus stops and the Reisterstown Plaza metro station
• Major area employers nearby: Sinai Hospital, Social Security Administration
• Major area colleges nearby: Stevenson University, Towson University, Loyola Blakefield, Goucher College

Location

Getting Around

• Walk Score ®

  49/100 Car-Dependent

• Transit Score ®

  60/100 Good Transit

• Bike Score ®

  42/100 Somewhat Bikeable

Points of Interest