1701 Elrino St
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1701 Elrino St
22 Unit Apartment Building $2,809,360 CAD ($127,698 CAD/Unit) 8.30% Cap Rate Baltimore, MD 21224
Investment Highlights
- High Occupancy and Demand
- A lot of room to raise rents
- Renovated 2023
Executive Summary
Introducing a 100% occupied Renovated 22 unit (all 2br, 1ba) cash flowing building with a ton of potential. Rents are all below market and ownership has done a fantastic job at keeping up with maintenance items and improvements. Full OM available with Rent rolls and 2023 Profit and Loss. 8.3% cap rate with current performance.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,809,360 CAD | Building Class | C |
| Price Per Unit | $127,698 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 11,892 SF |
| Cap Rate | 8.30% | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,809,360 CAD |
| Price Per Unit | $127,698 CAD |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 11,892 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- 24 Hour Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | $1,264 CAD | 554 |
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PROPERTY TAXES
| Parcel Number | 26-01-6808-011 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $1,560,821 CAD (2024) |
PROPERTY TAXES
Parcel Number
26-01-6808-011
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$1,560,821 CAD (2024)
zoning
| Zoning Code | R-5 |
| R-5 |
-
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1701 Elrino St
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