Harbor Stone Advisors, a Mid-Atlantic leader in multifamily investment sales, has been hired as the exclusive advisor for the sale of Cathedral Court; a fully occupied apartment building located in Midtown Baltimore within the Mount Vernon neighborhood. Harbor Stone Advisors President, Justin Verner and Senior Advisor, Brooks Healy are marketing the property.
Cathedral Court is a value-add opportunity to acquire 58 residential units and 4 commercial units in the heart of Historic Mount Vernon. Recently renovated in 2019, typical units feature vinyl, carpet, and tile floors, dishwasher, disposal, stainless steel refrigerator and stove range, in-unit washer and dryer, hard surface countertops, wood cabinets, heat, and air conditioning. Tenant amenities include package lockers, on-site garage parking, and a courtyard with a pet walking area. The average residential rent is $1,268.
Cathedral Court is located in Midtown Baltimore within the historic Mount Vernon neighborhood. Located just north of Downtown, the Central Business District, the Inner Harbor and Camden Yards. Abundant local dining, shopping and entertainment. The subject property has a Walk Score of 99, ranking it a Walker’s Paradise. Many cultural landmarks are also located within short walking distance including the Washington Monument, the Walter’s Art Museum, Meyerhoff Symphony Hall, the Baltimore Basilica, and multiple restaurants. Major employers of the area include Mercy Health Services with 4,028 employees, MICA with 2,142 employees, UMMC’s Midtown Campus with 500 doctors and 1,100 employees, and Agora with 850 employees.
About Harbor Stone Advisors:
Harbor Stone Advisors specialize in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information visit www.harborstoneadvisors.com.
