Clifton Commons

For Sale

3002-3306 Clifton Ave, Baltimore, MD 21216

This Baltimore property for sale is located at 3002-3306 Clifton Ave. The current listed sale price for Clifton Commons is $2,350,000.

Contacts

broker

Justin Verner

Harbor Stone Advisors

broker

Brooks Healy

Harbor Stone Advisors

broker

Shana Sabie

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

broker

Tom Wohlgemuth

Harbor Stone Advisors

Property Details

3302-3306 & 3512-3516 Clifton Ave. | Baltimore, MD 21216

Harbor Stone Advisors is pleased to present the opportunity to acquire Clifton Commons, a well-maintained multifamily asset located in Northwest Baltimore City. The property consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 Br-1 Ba. Current ownership completed a gut renovation of the property in 2014 which included apartment renovations. Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring. In addition to apartment renovations, ownership also replaced the roof, windows, and doors, updated all mechanical systems, refreshed the common area, and performed exterior brickwork.

The opportunity exists for a new owner to organically increase rents, as rents at Clifton Commons are under market. Comparable properties in the area are achieving rents at least $300 higher on average than the Subject property. Additionally, a new owner can also lease to Section 8 tenants, providing a certainty of rental income.

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Highlights

  • Opportunity to Acquire a Well-Maintained Multifamily Asset in Northwest Baltimore City
  • Consists of 36 units with a mix of (30) 2 Br-1 Ba and (6) 3 Br-1 Ba
  • Typical unit features include white appliances, wood cabinets, laminate countertops, and tile/wood flooring
  • Some units have balconies and all tenants reimburse for water
  • Minimal Deferred Maintenance and Ability to Substantially Increase Rents
  • Current ownership completed a gut renovation of the property in 2014 which included apartment renovations, roof, window, and door replacements, update of mechanical systems, refresh of the common area, and exterior brickwork
  • Opportunity exists for a new owner to organically increase rents; comparable properties in the area are achieving rents at least $300 higher on average than the Subject property
  • A new owner can also lease to Section 8 tenants, providing a certainty of rental income
  • Located in Mount Holly Area of NW Baltimore City
  • Easy access to major highways and multiple bus stops are located near the property
  • Major area employers nearby: Sinai Hospital, Social Security Administration, Coppin State University
  • Major area colleges nearby: Coppin State University, Baltimore City Community College

Attachments

Getting around

  • 84/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 42/100

    Bike Score ®

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Location

  • City Baltimore, MD
  • Neighborhood Walbrook
  • Zip Code 21216
  • Market Baltimore

Points of Interest

  • Penn–North

    1.63 miles

  • Upton

    2.06 miles

  • Woodberry

    2.10 miles

  • Cold Spring Lane

    2.65 miles

  • North Avenue

    2.70 miles

  • State Center

    2.75 miles

  • Mount Royal / MICA

    2.86 miles

  • Cultural Center

    2.86 miles

  • Mount Vernon

    3.01 miles

  • Lexington Market

    3.06 miles

  • BP

    0.25 miles

  • Gulf

    0.72 miles

  • Crown

    1.24 miles

  • Carroll Motor Fuels

    1.28 miles

  • Marathon

    1.35 miles

  • 7-Eleven

    1.40 miles

  • Shell

    1.64 miles

  • Volta Charging

    2.75 miles

  • Blink

    2.84 miles

  • Tesla Destination Charger

    2.92 miles

  • Windsor Mill Road Trailhead Parking Lot

    0.79 miles

  • Lot J

    0.90 miles

  • Lot E1

    0.93 miles

  • Lot E2

    0.98 miles

  • Lot D

    1.00 miles

  • Lot E3

    1.02 miles

  • Lot C

    1.05 miles

  • Lot F

    1.09 miles

  • Lot B

    1.11 miles

  • Lot G

    1.12 miles

  • Motel 6

    2.91 miles

  • Red Carpet Inn

    2.95 miles

  • Hotel Brexton

    2.99 miles

  • Fayette Square

    3.03 miles

  • Biltmore Suites Hotel - Main Building

    3.03 miles

  • Biltmore Suites Hotel - Park Avenue Building

    3.04 miles

  • Downtown Hotel

    3.05 miles

  • La Quinta

    3.11 miles

  • SpringHill Suites Baltimore Downtown Convention Center Area

    3.12 miles

  • Revival Baltimore

    3.14 miles

  • Save-A-Lot

    0.15 miles

  • Ross

    0.87 miles

  • Shoppers Food & Pharmacy

    1.17 miles

  • ALDI

    1.68 miles

  • Giant Food

    1.73 miles

  • ShopRite

    1.77 miles

  • O K Groceries

    2.16 miles

  • Food Depot

    2.22 miles

  • Harlem Grocery

    2.35 miles

  • Forman Mills

    2.82 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.

Contact Clifton Commons