Baltimore, MD – Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present the opportunity to acquire Bretton Terrace, a 26-unit multifamily asset located in Baltimore City’s established Waverly neighborhood. Situated less than one mile from MedStar Union Memorial Hospital and The Johns Hopkins University, the property offers investors an attractive opportunity to acquire a well-located asset with meaningful rental upside.
Bretton Terrace features 26 spacious apartments, consisting of (8) 1 Br-1 Ba, (9) 2 Br-1 Ba, and (9) 3 Br-1 Ba units. Nearly 70% of the property’s apartments feature two or three bedrooms, providing a desirable concentration of larger floor plans that appeal to families, roommates, and residents seeking additional living space. Typical apartment features include white appliance packages, hard surface countertops, wood cabinetry, and hardwood/tile flooring. The property also includes 15 surface parking spaces and five single-car garages.
The investment presents an opportunity to achieve organic rent growth. A new owner has the potential to increase rental income as existing leases turn over and rents are adjusted toward prevailing market levels.
Bretton Terrace is ideally situated in Waverly, a well-established residential neighborhood in North Baltimore with convenient access to some of the city’s most significant employment and educational anchors. Located less than a mile from MedStar Union Memorial Hospital and The Johns Hopkins University, the property benefits from proximity to a substantial base of healthcare professionals, university employees, and students. Residents also enjoy convenient access to the shopping, dining, and entertainment amenities of nearby Charles Village, Remington, and Hampden.
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