Value-Add Apartment
706 Park Ave Baltimore, MD 21201
706 Park Ave, Baltimore, MD, 21201
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For Sale
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Pending
Small multifamily with 11 units, including studios and 1- and 2-bedroom apartments, with partial occupancy and vacant units needing rehab.
Days on Market103
Property Features for 706 Park Ave
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Harbor Stone Advisors
Listed by
Justin Verner · License #MD 630799
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:14AM Checked: Jul 21 at 5:14AM
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Investment Insights
Based on property information with market context.
706 Park Avenue Apartments is a value-add multifamily property featuring 11 units with a mix of (2) studio units, (7) 1-bedroom, 1-bath units, and (2) 2-bedroom, 2-bath units. Current ownership has completed various stages of unit demolition and light plumbing updates. Four of the 11 units are occupied by long-term tenants on month-to-month leases, while the remaining vacant units would require heavy rehabilitation to reach rentable condition.
The property is centrally located minutes from downtown Baltimore and is near Mercy Hospital, the University of Maryland Downtown Campus, and the University of Baltimore. Based on the current condition of the vacant units, construction could begin immediately following a change of ownership.
The existing floor plans are described as spacious, and there may be an opportunity to pursue historical tax credits (CHAP) in connection with completing renovations.
The property is centrally located minutes from downtown Baltimore and is near Mercy Hospital, the University of Maryland Downtown Campus, and the University of Baltimore. Based on the current condition of the vacant units, construction could begin immediately following a change of ownership.
The existing floor plans are described as spacious, and there may be an opportunity to pursue historical tax credits (CHAP) in connection with completing renovations.
Key Highlights
- 11‑unit multifamily at 706 Park Avenue with (2) studios, (7) 1 bed/1 bath, and (2) 2 bed/2 bath units
- Currently 4 of 11 units are occupied by long‑term tenants on month‑to‑month leases
- Ownership has completed stages of unit demolition and light plumbing updates on some units
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FAQs
What type of property is this?
Apartment building - Small multifamily with 11 units, including studios and 1- and 2-bedroom apartments, with partial occupancy and vacant units needing rehab.
Where is this apartment building located?
The property is located at 706 Park Ave Baltimore, MD.
What are key features of this property?
This property features: 11‑unit multifamily at 706 Park Avenue with (2) studios, (7) 1 bed/1 bath, and (2) 2 bed/2 bath units; Currently 4 of 11 units are occupied by long‑term tenants on month‑to‑month leases; Ownership has completed stages of unit demolition and light plumbing updates on some units
