- For Sale Contact for pricing
- Property Type Other
- Units 11
- Additional Rent Contact for pricing
- Date Updated Sep 6, 2024
- Website xavieronbroadway.sharplaunch.com
313 - 315 S. Broadway St. | Baltimore, MD 21231
Harbor Stone Advisors is pleased to present the unique opportunity to acquire Xavier on Broadway, a gut-renovated asset located in the Fells Point neighborhood of Baltimore City. The property is less than a 10-minute walk away from the main street in Fells Point, which is home to numerous restaurants, bars, and shops.
Xavier on Broadway features 11 expansive units with a mix of (1) 1 Br-1 Ba, (2) 2 Br-1 Ba, (4) 2 Br-2 Ba, (2) 2 Br-2.5 Ba, and (2) 3 Br-3.5 Ba. The property also has surface parking with room for 8 cars and a courtyard. Prior ownership completed a gut renovation of the property in 2015 which included unit updates. Typical unit features consist of stainless steel appliances, granite countertops, hardwood flooring, in-unit washer/dryers, and high-end finishes. Prior ownership also updated all of the mechanical and electrical systems, the roof, and windows.
The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least $150 higher on average. There is also an ability to implement a water reimbursement program upon renewal and/or new lease. Xavier on Broadway has pre-existing debt that can be assumed. The current loan balance is $1,913,592.77 with an interest rate of 5.22% and a maturity of December 2028.
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Attachments
Highlights
- Unique Opportunity to Acquire a Gut-Renovated Asset in Fells Point
- Features 11 expansive units with a mix of (1) 1 Br-1 Ba, (2) 2 Br-1 Ba, (4) 2 Br-2 Ba, (2) 2 Br-2.5 Ba, and (2) 3 Br-3.5 Ba
- Property also has surface parking with room for 8 cars and a courtyard
- Typical unit features consist of stainless steel appliances, granite countertops, hardwood flooring, in-unit washer/dryers, and high-end finishes
- Minimal Deferred Maintenance for a New Owner
- Prior ownership completed a gut renovation of the property in 2015 which included unit updates, roof replacement, new windows, and update of all mechanical and electrical systems
- New owner can focus on organically increasing rents at least $150
- There is also an ability to implement a water reimbursement program upon renewal and/or new lease
- In-Place Assumable Debt
- Xavier on Broadway has pre-existing debt that can be assumed
- Current loan balance is $1,913,592.77 with an interest rate of 5.22% and a maturity of December 2028
- Excellent Location in East Baltimore
- Ranked a Walker's Paradise by WalkScore; a short walk to a variety of retail and dining options
- Convenient access to Downtown Baltimore, Harbor East, and Canton
- Major area employers nearby: Morgan Stanley, Exelon, the Johns Hopkins Hospital, Kennedy Krieger
- Major area colleges nearby: Johns Hopkins University Schools of Medicine, Nursing, Public Health, and Business
False
Contacts
Location
Getting Around
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Walk Score ®
99/100
Walker's Paradise
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Transit Score ®
86/100
Excellent Transit
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Bike Score ®
87/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Fells Point
- Zip Code 21231
- Market Baltimore
Points of Interest
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Shot Tower
0.69 miles
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Shot Tower/Market Place
0.69 miles
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Charles Center
1.06 miles
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Camden Street
1.36 miles
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Baltimore Arena
1.36 miles
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Camden Station
1.37 miles
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Hamburg Street
1.45 miles
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Centre Street
1.57 miles
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Mount Royal / University of Baltimore
2.03 miles
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Upton
2.55 miles
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Mystik
0.28 miles
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BP
0.56 miles
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Citgo
0.71 miles
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Shell
0.79 miles
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Maryland Science Center
0.97 miles
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BP
0.97 miles
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BP
0.99 miles
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Tesla Supercharger
1.22 miles
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BP
1.32 miles
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Royal Farms
1.43 miles
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Fleet & Eden Garage
0.19 miles
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Little Italy Garage
0.30 miles
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Caroline Street Garage
0.31 miles
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Union Wharf Garage
0.42 miles
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Church Garage
0.43 miles
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Da Mimmo Parking
0.44 miles
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Old Bay Garage
0.49 miles
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Kennedy Krieger Garage
0.53 miles
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Pier 6 Parking
0.57 miles
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Fayette Street Garage
0.59 miles
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Hyatt Place
0.26 miles
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Admiral Fell Inn
0.27 miles
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The Inn at the Black Olive
0.30 miles
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Sagamore Pendry Baltimore
0.32 miles
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Courtyard
0.34 miles
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Hilton Garden Inn
0.42 miles
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Homewood Suites
0.42 miles
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Four Seasons
0.49 miles
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The Inn at Henderson's Wharf
0.49 miles
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Baltimore Marriott Waterfront
0.49 miles
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Ekiben
0.02 miles
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Asahi Sushi
0.06 miles
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Golden Wok
0.07 miles
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Yemen & Gulf Restaurant
0.08 miles
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Taki’s Pizza
0.09 miles
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Tortilleria Sinaloa
0.10 miles
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Cinco de Mayo II
0.10 miles
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Broadway Cafe & Grill
0.11 miles
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Sajhoma Restaurant
0.11 miles
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Kippo Ramen
0.11 miles
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In2Lectuals
0.12 miles
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The New Century School
0.25 miles
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The Crossroads School
0.27 miles
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Wolfe Street Academy
0.28 miles
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Lombard Middle School
0.28 miles
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City Springs Elementary/Middle School
0.30 miles
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Living Classrooms Foundation
0.34 miles
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Stratford University
0.34 miles
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Holy Rosary School
0.37 miles
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Saint Michaels School
0.40 miles
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Kiddie Academy
1.14 miles
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Charles Plaza Child Care & Development
1.21 miles
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Dynamic Deliverance Childcare Center
1.29 miles
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All My Children Child Care Center
1.34 miles
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Saint Vincent de Paul Head Start
1.47 miles
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Downtown Baltimore Child Care, Inc.
1.70 miles
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Headstart, Harford Elementary School Modular
1.87 miles
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Bolton Hill Nursery
2.10 miles
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Bright Beginnings
2.63 miles
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Homewood Early Learning Center
3.24 miles
Frequently Asked Questions
How much does Xavier on Broadway cost?
The sale price for Xavier on Broadway is available upon request. Contact the listing broker for more information.
What is the total square footage of Xavier on Broadway?
Xavier on Broadway totals 15,956 square feet.
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