Baltimore City Residential Portfolio- South
95 Unit Apartment Building Offered For Sale in Baltimore, MD 21226
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 114,335 SF
Listing Contacts
Cecil Cummins
Verified Profile
Eric Pinkett
Verified Profile
- Property Info
Property Overview
4101 Grace Court is one of the properties that is part of "Portfolio South" Which is 1 of 3 sub-portfolios, that combined, comprise the full 95-door portfolio. Please reach out for full Portfolio Information. Hyatt Commercial is proud to exclusively offer a stabilized 95-unit residential rental portfolio with properties located in and around Baltimore City. Current ownership has spent recent years acquiring properties and stabilizing them through capital investments and improving the quality of tenants. The portfolio is positioned for a new owner to add additional value through increased operating efficiency and growth-focused management.
The Portfolio comprises 65 single-family rental properties; 12 duplex properties, and 2 triplex properties, and is 99% leased with only one vacancy – a property in its final stages of renovation. Fully stabilized and with normalized portfolio expenses, the current owner projects a 39% increase in net operating income for the coming 12 months.
The offering can be evaluated as one package sale or in three individual groupings- labeled Portfolio West, East & South. In this Offering Memorandum and Diligence Package, prospective buyers will be able to review a property list, important property information, location information, demographics, historical financials, seller budgeted financials, and the benefit of full underwriting proforma forecasting a 10-year hold. Underwriting assumptions and potential debt financing terms are also available in the package.
The Portfolio comprises 65 single-family rental properties; 12 duplex properties, and 2 triplex properties, and is 99% leased with only one vacancy – a property in its final stages of renovation. Fully stabilized and with normalized portfolio expenses, the current owner projects a 39% increase in net operating income for the coming 12 months.
The offering can be evaluated as one package sale or in three individual groupings- labeled Portfolio West, East & South. In this Offering Memorandum and Diligence Package, prospective buyers will be able to review a property list, important property information, location information, demographics, historical financials, seller budgeted financials, and the benefit of full underwriting proforma forecasting a 10-year hold. Underwriting assumptions and potential debt financing terms are also available in the package.
Property Details
- Year Built/Renovated
- 1920/2017
- Stories
- 3
- Units
- 95
Highlights
- 95 Residential Units
- 79 Properties
- 66 Single-Family
- 22 Duplex Properties
- 2 Triplex Properties
- 99% Leased
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].