842 Park Ave | Baltimore, MD 21201

Harbor Stone Advisors is pleased to present Flats at 842 Park, a fully occupied multifamily asset located in Historic Mount Vernon. The property is a 5 minute walk away from University of Maryland Medical Center Midtown Campus, one of Baltimore City's top employers.

Flats at 842 Park features 9 apartments with a unit mix of (2) Studios, (6) 1 Br-1 Ba, and (1) 2 Br-1 Ba. The property also has a surface parking lot behind the building with 7 parking spaces. Current ownership completed a renovation of the property in 2014 which included unit renovations. Typical apartment features consist of stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, hardwood flooring, and in-unit washer/dryers. In addition to apartment renovations, current ownership completed numerous capital projects including the installation of all new mechanical systems, refurbished windows, and preserved the historic details of the property. There is still potential for a new owner to add value via the implementation of a water reimbursement program upon renewal and/or new lease, increasing parking rents, and organically increasing apartment rents to market rates.