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Cushman & Wakefield’s Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of Mount Vernon Place Apartments, located in the historic Baltimore City Neighborhood of Mount Vernon. The Property is well suited for a value-add business plan, while preserving the Property’s historic features and distinct Brownstone façade. The Property contains 8 residential units, ample storage space, and is impeccably located across from the Baltimore Washington Monument.

Investors are afforded a compelling 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%. With 8-12-foot ceilings, ample natural light, hardwood floors, three private outdoor terraces and patios, and original historic details. The Mount Vernon Place Apartments attract a sophisticated urban renter, while lagging behind the rents of the highly amenitized rent comparables in the neighborhood.

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 Mount Vernon Place Apartments 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.

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Mount Vernon Place Apartments
8 Units
24 E. Mount Vernon Place
Baltimore, MD  21202
Type: Conventional
Closed: 12/1/2021

The Cushman & Wakefield | Thalhimer Multifamily Advisory Group is pleased to present the exclusive listing of Barrington Woods in Hampton, VA. Management has made significant capital improvements to the Property in the past three years, including new plumbing, several interior unit renovations, and select new HVAC installations. Barrington Woods offers investors a significant value-add opportunity in a high rent and job growth submarket, while capitalizing upon historically low interested rates. The property is being offered to an investor free and clear of debt. The 136-unit multifamily asset is less than 2.5 miles from Sentara Hospital, the second largest employer in Hampton Roads, with more than 20,000 employees in the region.

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Barrington Woods
136 Units
611 Michigan Drive
Hampton, VA  23669
Type: Conventional
Closed: 11/16/2021
The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of the former Billig Building located at 16 E. Fayette Street in Baltimore, MD in the City’s Central Business District. The Mixed-Use Property has a vibrant ground floor retail tenant, and the second and third floors are leased to the adjacent property, The Junker Hotel. Future ownership has the rare and immediate opportunity to reposition the Property for a variety of uses including conventional multifamily, mixed-use, office senior housing, or medical outpatient facility. The Asset is in a Federal Opportunity Zone, and eligible for a Low-Income Housing Tax Credit (LIHTC) Conversion.
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16-18 E. Fayette Street
   
16-18 E. Fayette Street
Baltimore, MD  21202
Type: Land
Closed: 7/12/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of the I-695 Single-Family Portfolio. The Portfolio offers future ownership the rare opportunity to acquire a turnkey, gut renovated Single-Family Rental Portfolio with consistent net operating income, and an attractive cash on cash return. Single-Family Rentals have emerged as one of the most attractive asset classes to both institutional and private investors, with high yields and robust resident demand. The I-695 Single-Family Portfolio has a high concentration of Properties in Baltimore, Harford, and Anne Arundel Counties. Home interiors feature In-Unit Washer/Dryers, Granite Countertops, Stainless Steel and Black Appliances and New Flooring and Carpeting.

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I-695 Single Family Portfolio
66 Units
Various
Baltimore, MD  21229
Type: Single Family Rental
Closed: 6/25/2021
The Cushman & Wakefield | Thalhimer Multifamily Advisory Group is pleased to present the exclusivel listing of Pembroke Pines in Hampton, VA. Management has made significant capital improvements to the Property in the past two years, including new plumbing, several interior unit renovations, and select new HVAC installations. Pembroke Pines offers investors a significant value-add opportunity with proven rental increases after kitchen and bath upgrades, while increasing operational efficiency. The property is being offered to an investor free and clear of debt, or with the option for a loan assumption. The 42-unit multifamily asset is less than four miles from Sentara Hospital, the second largest employer in Hampton Roads, with more than 20,000 employees in the region.
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Pembroke Pines
42 Units
1625 W. Pembroke Avenue
Hampton, VA  23661
Type: Conventional
Closed: 6/16/2021
The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of 10 North Charles Street in Downtown Baltimore. The Property is the former home of The Johns Hopkins Carey School of Business. Originally constructed in 1965, 10 North Charles was later renovated and repurposed in 2001 as an educational institution with the addition of a lecture hall. The Property has a distinct glass exterior and ticker tape receiving the 2001 AIA Design Award. The Property features 360° light and air and 10,000 square foot floor plates, as well as 2 Elevators. Future ownership has the rare and immediate opportunity to reposition the Property for a variety of uses including educational, office, and non-profit uses.
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10 N. Charles Street
   
10 N. Charles Street
Baltimore, MD  21201
Type: Land
Closed: 5/21/2021