Multifamily and Retail Unit Opportunity
$1,745,000.00
| Address | 1527 –152 9 Union Avenue & 3687 & Ash Street, Baltimore MD, 21211. |
|---|---|
| Guarantor | Personal |
| Lease Type | Modified Gross |
| Cap Rate | 7.65% |
| NOI | $133,932 |
| Rent Increase | Date | 1 | (3) Years |
Description
Triple Net Investment Group is pleased to present 1527 –152 9 Union Avenue & 3687 & Ash Street, Baltimore MD, 21211. Eight (8) Unit Apartment Building with a Retail comp onent located on Ash Street. Equipped Fitness leases the Re-tail portion of the property. Property has consistently stayed Fully Leased due to the Current Landlords meticulous up-keep and significant upgrades over the years. New Landlord will need no repairs in the short term and minimal repairs in the long term.
♦ Property In Excellent condition – Landlord has kept the property in pristine condition, new TPO roof (thermoplastic polyolefin), every unit has been meticulously maintained. Property has easy access to public transportation and located in a highly desirable area.
♦ Dense Populated Area – +106,000 people in a 1-mile radius, excellent walkability to restaurant and retail locations
♦ Excellent Location – Excellent visibility along Inter-state 83 which has 90,000 plus VPD. Property is walkable to many restaurants and retail locations. Minutes away from Inner Harbor, Fells Point, Har-bor Point, Little Italy, M&T Bank Stadium and Camden Yards where the Ravens and Oriole’s Play.
♦ Hard Corner— Ash and Union Avenue +7,300VPD
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