5001 Midwood Ave Baltimore, MD 21212
28-unit apartment building in Northeast Baltimore City, renovated in 2013.
Property size:
35,000 SFLot size:
1.51 AcresProperty Features for 5001 Midwood Ave
General Information
- Standard status
- Active
- Zoning
- R-4
- Size
- 35,000 SF
- Lot size
- 1.51 Acres
Building Details
- Year built
- 1964
Source:
Crexi
Listing Agent: Kevin Landolphi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stabilized Baltimore City Apartment Building
Midwood Apartments, located in Northeast Baltimore City, is a stabilized garden-style apartment building. The property features 28 units, each with 2 bedrooms and 1 bathroom. Typical unit features include black appliances, formica countertops, wood cabinets, and carpet/tile/LVP flooring. Residents have access to on-site amenities, including free public WiFi, a laundry room, and a surface parking lot with 22 spaces. The property underwent a comprehensive renovation in 2013, which included upgrades to the electrical systems, plumbing, and HVAC, as well as new windows and a roof. The renovation also included the build-out of a dedicated laundry room and interior unit updates. There is an opportunity for a new owner to enhance the units further with premium interior finishes, such as granite countertops, white cabinets, and LVP flooring. Comparable properties nearby are currently achieving average rents $160 higher. A new owner can further boost income by strategically increasing the proportion of voucher tenants. The addition of microwaves, dishwashers, and in-unit washer/dryers could generate an additional $100 in voucher rent. The current owner has begun raising the water reimbursement for new tenants to $49/month, which a new owner can continue with renewing tenants.
Location Intelligence
Current Use by Public Records
Midwood Apartments
Apartment Complex
Midwood dog park
Park
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6030959
- Latitude
- 39.3485942
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 28-unit apartment building in Northeast Baltimore City, renovated in 2013.
Where is this apartment building located?
The property is located at 5001 Midwood Ave Baltimore, MD.
What are key features of this property?
This property features: - Stabilized garden apartment asset with 28 spacious 2 Br-1 Ba units.; - Significant opportunity to increase rental income by upgrading unit interiors with premium finishes, supported by the local rental market where comparable properties achieve $160 higher rents.; - Property underwent a comprehensive gut renovation in 2013, including major upgrades to electrical, plumbing, HVAC, windows, and roof.
