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Multifamily

Remington East Portfolio

331 W 30th St, Baltimore, MD 21211

Listing Price: $2,000,000

Cap Rate
4.91%
Number of Units
15
Occupancy
94.0%
Price/Unit
$133,333

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of The Remington East Portfolio, 15 houses consisting of 1 to 4 bedrooms. The portfolio is anchored by the 327-333 W 30th Street block consisting of 4 beautiful red brick townhomes in the heart of Remington. The majority of the townhouses are located within two neighborhoods: The surrounding Woodbourne Heights in North Baltimore and Remington. These two submarkets are similar in the sense that they experience consistent rental housing demand while also having a high rate of home ownership. From a ?nancial perspective, this portfolio offers investors the opportunity to raise rents, increase collections, and reduce expenses. With modest rent increases and reduced bad debt, an investor could achieve a 7.0% capitalization rate.

Investment Highlights

  • Value Add Potential
  • Strong Education, Arts, and Medical Tenant Community
  • Management Company Could Stay On For Out-Of-Town Investor

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

Remington East Portfolio

Listing Price: $2,000,000

Cap Rate
4.91%
Number of Units
15
Occupancy
94.0%
Price/Unit
$133,333

Investment Highlights

  • Value Add Potential
  • Strong Education, Arts, and Medical Tenant Community
  • Management Company Could Stay On For Out-Of-Town Investor

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of The Remington East Portfolio, 15 houses consisting of 1 to 4 bedrooms. The portfolio is anchored by the 327-333 W 30th Street block consisting of 4 beautiful red brick townhomes in the heart of Remington. The majority of the townhouses are located within two neighborhoods: The surrounding Woodbourne Heights in North Baltimore and Remington. These two submarkets are similar in the sense that they experience consistent rental housing demand while also having a high rate of home ownership. From a ?nancial perspective, this portfolio offers investors the opportunity to raise rents, increase collections, and reduce expenses. With modest rent increases and reduced bad debt, an investor could achieve a 7.0% capitalization rate.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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