The Apartments at 814 Park

About The Apartments at 814 Park

The Cushman and Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Apartments at 814 Park located at 814 Park Avenue Baltimore, MD 21201. The Property features 11 existing units as well as the rare and immediate opportunity to develop an additional 8-9 apartments above the existing Garage with access via Tyson Street. Ownership features approved plans and designs for the additional Tyson Street Building.

Interiors feature amenities such as polished hardwood floors, built-in microwaves, capped decorative fireplaces, and modern kitchens and bathrooms. The Apartments at 814 Park has also benefited from CAM improvements such as replacement windows, a newly installed fire and sprinkler system, a new boiler, new roof, and new plumbing system. Investors are afforded a compelling light and cosmetic value-add opportunity in the heart of one of Baltimore's most desirable residential enclaves. Asset Revenue can be improved both through kitchen and bathroom renovations, followed by rent increases and streamlining of management operations, as current rents trail market rents by as much as 30%.

Located in the historic Mount Vernon neighborhood this solidly fashionable and lively neighborhood feature a charming assortment of well-preserved 19th century architecture, elegant residences, and celebrated landmarks. While these neighborhoods have countless nods to the past, they have been modernized with a plethora of chic restaurants, bars, and shops. The Apartments at 814 Park are in close proximity to Baltimore’s Penn Station which is set to undergo a $90 Million Renovation later this year. The Master Plan will include up to 1.6 Million Square Feet of hotel, office, retail and residential space. Residents of the Property are able to commute door to door from their residence to Downtown Washington D.C. in less than 70 minutes.