About
About Citadel Single-Family Rental Portfolio
The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Citadel Single-Family Portfolio located in Baltimore, MD. The Offering is comprised of 20 single-family rental units primarily in Northeast Baltimore with centralized management operations. The Portfolio is well positioned for a value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. With average rents of almost $1,300 the opportunity exists to increase rents as much as $200-$300 with minimal capital expenditure, while actively leasing to residents receiving rental vouchers. Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include a 99% occupancy rate, 8.5% annualized vacant-to-occupied (V2O), an increase of 5x the 2020 Rate. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels.
Please wait while we communicate with our server.
An error occurred while trying to communicate with our server. Please verify your data and/or try again later.