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Multifamily

St. James Court

1312 Eutaw Pl, Baltimore, MD 21217

Listing Price: $4,500,000

Cap Rate
5.00%
Number of Units
25
Price/Unit
$180,000

Investment Overview

Marcus & Millichap is please to present the exclusive listing of St. James Court, 25 apartments located in the Bolton Hill neighborhood of Baltimore City, Maryland. The property is comprised of two, three-story brownstone apartments buildings and two residential carriage houses. Tenants enter the property through a well landscaped, gated courtyard to access their apartments. The current owner has a passion for historic architecture and preservation and has maintained the charming and unique elements of the property. Recent improvements include the sanding and painting of all exterior wood trim, doors, windows, and fire escapes. Heat is provided by the landlord and tenants provide their own window air-conditioning units. The property is located on the picturesque Eutaw Place, a boulevard with two one-way streets bordering a long park and walking path. Bolton Hill is designated as a local historic district and is characterized by its Victorian-era townhouses. The neighborhood consists primarily of large owner-occupied homes and townhouses which have been renovated into apartments. The neighborhood is also home to the Maryland Institute College of Art which is considered one of the best visual art colleges in the country. University of Baltimore, Johns Hopkins University, and the Peabody Institute are also located nearby. This property is available individually or as part of the Anneslie St. James Portfolio including two additional properties: Guilford Hall Apartments and Cedar Hill Apartments.

Investment Highlights

  • 5% Cap Rate
  • Below Market Rents
  • Great Location

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

St. James Court

Listing Price: $4,500,000

Cap Rate
5.00%
Number of Units
25
Price/Unit
$180,000

Investment Highlights

  • 5% Cap Rate
  • Below Market Rents
  • Great Location

Investment Overview

Marcus & Millichap is please to present the exclusive listing of St. James Court, 25 apartments located in the Bolton Hill neighborhood of Baltimore City, Maryland. The property is comprised of two, three-story brownstone apartments buildings and two residential carriage houses. Tenants enter the property through a well landscaped, gated courtyard to access their apartments. The current owner has a passion for historic architecture and preservation and has maintained the charming and unique elements of the property. Recent improvements include the sanding and painting of all exterior wood trim, doors, windows, and fire escapes. Heat is provided by the landlord and tenants provide their own window air-conditioning units. The property is located on the picturesque Eutaw Place, a boulevard with two one-way streets bordering a long park and walking path. Bolton Hill is designated as a local historic district and is characterized by its Victorian-era townhouses. The neighborhood consists primarily of large owner-occupied homes and townhouses which have been renovated into apartments. The neighborhood is also home to the Maryland Institute College of Art which is considered one of the best visual art colleges in the country. University of Baltimore, Johns Hopkins University, and the Peabody Institute are also located nearby. This property is available individually or as part of the Anneslie St. James Portfolio including two additional properties: Guilford Hall Apartments and Cedar Hill Apartments.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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