Harbor Stone Advisors proudly announces the availability of Clifton Commons, an exceptional multifamily asset poised for acquisition in Northwest Baltimore City. Boasting a robust investment potential and a strategic location, Clifton Commons presents an unparalleled opportunity for investors seeking high returns in the vibrant Baltimore real estate market.
Clifton Commons, priced at $2,350,000, features 36 meticulously maintained units, comprising a mix of 30 spacious 2-bedroom, 1-bathroom layouts and 6 comfortable 3-bedroom, 1-bathroom configurations. Under the stewardship of the current ownership, the property underwent an extensive gut renovation in 2014, encompassing apartment refurbishments and significant upgrades to enhance its appeal and functionality.
Each unit within Clifton Commons showcases contemporary amenities, including white appliances, wood cabinets, laminate countertops, and tile/wood flooring, ensuring a modern living experience for residents. Moreover, recent renovations extended beyond the interiors to encompass crucial structural enhancements, such as roof replacement, window and door upgrades, mechanical system updates, and revitalization of common areas and exterior brickwork.
One of the key highlights of Clifton Commons lies in its potential for rental optimization. Current rental rates present an attractive opportunity for prospective owners to realize substantial upside through organic rent increases, as existing rents remain below market standards. Comparable properties in the vicinity command rents averaging $300 higher, underscoring the untapped potential inherent in Clifton Commons.
Furthermore, Clifton Commons offers the flexibility to lease to Section 8 tenants, providing a stable source of rental income and ensuring consistent cash flow for investors. This additional avenue for tenancy further solidifies Clifton Commons’ position as a secure and lucrative investment opportunity in the Baltimore multifamily market.
For more information on Clifton Commons and to inquire about acquisition opportunities, please contact Harbor Stone Advisors.
About Harbor Stone Advisors
Harbor Stone Advisors specializes 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.
