Clarksview Apartments

For Sale

3701 Clarks Ln. Baltimore, Baltimore, MD 21215

This Baltimore property for sale is located at 3701 Clarks Ln. Baltimore. Contact the listing broker for details on the current sale price for Clarksview Apartments.

Contacts

broker

Justin Verner

Harbor Stone Advisors

broker

Brooks Healy

Harbor Stone Advisors

broker

Tom Wohlgemuth

Harbor Stone Advisors

broker

Matt Cooper

Alex Cooper Auctioneers

broker

Shana Sabie

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

Property Details

  • Property Type Other
  • Property Size 85,987.44 SF
  • Units 34
  • Additional Rent Contact for pricing
  • Date Updated Nov 4, 2024

3701 Clarks Ln. Baltimore, MD 21215

Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present Clarksview Apartments, a multifamily asset with value add potential in Upper Park Heights. The property is located near the Baltimore County line with easy access to Downtown Baltimore and neighboring areas such as Pikesville and Mt. Washington. Clarksview Apartments features expansive floorplans with a unit mix of (30) 2 Br-1 Ba and (4) 3 Br-1.5 Ba units. Property amenities include a surface parking lot, balconies for some units, and on-site laundry facility. Typical unit features consist of white appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring. Clarksview Apartments also has 8 NEDs units as part of a HAP contract that runs through February 2027. They are rented as 1 Br-1 Ba units but are true 2 Br-1 Ba units.

The opportunity exists for a new owner to renovate all of the units at Clarksview Apartments, with a suggested scope of black/stainless steel appliances, granite countertops, updated bathrooms, plank flooring throughout, and modern hardware/fixtures. Comparable properties nearby are achieving rents at least $300 higher on average than the Subject property. Other value add opportunities include converting the NEDs units to market rate 2 bedrooms at HAP contract expiration, renovating the down unit to either a 2 bedroom or office unit, and adding an amenity to the green space such as a dog park or playground.

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Highlights

  • Multifamily Asset with Value Add Potential in Upper Park Heights
  • Features expansive floorplans with a unit mix of (30) 2 Br-1 Ba and (4) 3 Br-1.5 Ba units
  • Property amenities include a surface parking lot, balconies for some units, and on-site laundry facility
  • Typical unit features consist of white appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring
  • Significant Potential to Increase Rents Via Renovation Program
  • Opportunity exists for a new owner to renovate all of the units, with a suggested scope of black/stainless steel appliances, granite countertops, updated bathrooms, plank flooring throughout, and modern hardware/fixtures
  • Comparable properties nearby are achieving rents at least $300 higher on average than the Subject property
  • Other value add opportunities include converting the NEDs units to market rate 2 bedrooms at HAP contract expiration, renovating the down unit to either a 2 bedroom or office unit, and adding an amenity to the green space such as a dog park or playground
  • Excellent Location Near Baltimore County Line
  • Easy access to I-695; multiple public transportation options nearby such as bus stops and the Reisterstown Plaza metro station
  • Major area employers nearby: Sinai Hospital, Social Security Administration
  • Major area colleges nearby: Stevenson University, Towson University, Loyola Blakefield, Goucher College

Attachments

Getting around

  • 57/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 47/100

    Bike Score ®

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Location

  • City Baltimore, MD
  • Neighborhood Glen
  • Zip Code 21215
  • Market Baltimore

Points of Interest

  • Reisterstown Plaza

    0.68 miles

  • Mount Washington

    2.37 miles

  • Cold Spring Lane

    2.64 miles

  • Falls Road

    2.72 miles

  • Old Court

    2.83 miles

  • Woodberry

    3.27 miles

  • Penn–North

    4.28 miles

  • Upton

    4.85 miles

  • North Avenue

    4.97 miles

  • Mount Royal / MICA

    5.28 miles

  • Arco

    0.38 miles

  • Citgo

    0.38 miles

  • Carroll Motor Fuels

    0.46 miles

  • Sunoco

    0.56 miles

  • Exxon

    0.61 miles

  • CIF

    0.64 miles

  • Crown

    0.72 miles

  • Shell

    0.93 miles

  • SemaCharge

    1.96 miles

  • ChargePoint

    2.70 miles

  • D

    0.76 miles

  • C

    0.78 miles

  • Cylburn Parking Garage

    1.78 miles

  • Maryland State Police Headquarters

    1.97 miles

  • Lower Lot

    2.21 miles

  • D-1 Garage

    2.22 miles

  • Mt. Washington Conference Center Visitor Lot

    2.24 miles

  • Davis Building Visitor Lot

    2.31 miles

  • Davis Garage

    2.35 miles

  • Mount Washington Park & Ride

    2.36 miles

  • Red Carpet Inn

    0.51 miles

  • Casa de Roberto Romero Villalta

    1.57 miles

  • Mt. Washington Conference Center

    2.26 miles

  • Delta Hotels Marriott

    2.55 miles

  • Ramada Pikesville/Baltimore North

    2.69 miles

  • DoubleTree by Hilton Baltimore

    2.73 miles

  • Hampton Inn & Suites Baltimore/Woodlawn

    3.80 miles

  • Best Western

    3.83 miles

  • Super 8

    3.98 miles

  • Rodeway Inn

    4.07 miles

  • Giant

    0.66 miles

  • Big Lots

    0.70 miles

  • Save-A-Lot

    0.82 miles

  • Stolichny European Deli

    0.84 miles

  • Harvest Fare

    0.88 miles

  • International Food Market

    1.01 miles

  • Safeway

    1.20 miles

  • ALDI

    1.81 miles

  • ShopRite

    1.90 miles

  • Fresh Market

    1.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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