Contacts
Justin Verner
Harbor Stone Advisors
Brooks Healy
Harbor Stone Advisors
Tom Wohlgemuth
Harbor Stone Advisors
Matt Cooper
Alex Cooper Auctioneers
Shana Sabie
Harbor Stone Advisors
Todd Galvin
Harbor Stone Advisors
Property Details
- Property Type Other
- Property Size 38,027.88 SF
- Units 37
- Additional Rent Contact for pricing
- Date Updated Oct 4, 2024
- Website londonhouse.sharplaunch.com
6101 Park Heights Ave. Baltimore, MD 21215
Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present London House Apartments, a mid-rise asset with value add potential located in Upper Park Heights. London House Apartments features a mix of (3) Studios, (17) 1 Br-1 Ba, (16) 2 Br-2 Ba, and (1) commercial unit. The commercial space is leased to a medical office through December 2024. Property amenities include a surface parking lot, two garages, balconies/patios for most units, and on-site laundry facility. Typical unit features consist of white/black appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring. Current ownership has installed a new hardwired fire system and is in the process of replacing the elevator.
The opportunity exists for a new owner to renovate all of the residential units at London House, 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 $230 higher than the Subject property. A new owner can also renovate the down unit and bring it back online, refresh the common areas, and convert the two garages to either an amenity space or an additional unit.
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Highlights
- Mid-Rise Asset with Value Add Potential in Upper Park Heights
- Features a mix of (3) Studios, (17) 1 Br-1 Ba, (16) 2 Br-2 Ba, and (1) commercial unit
- Commercial space is leased to a medical office through December 2024
- Property amenities include a surface parking lot, two garages, balconies/patios for most units, and on-site laundry facility
- Typical unit features consist of white/black 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 residential 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 $230 higher on average than the Subject property
- Other value add opportunities include renovating the down unit and bringing it back online, refreshing the common areas and converting the two garages to either an amenity space or an additional unit
- Excellent Location in NW Baltimore
- 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
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Location
- City Baltimore, MD
- Neighborhood Cross Country
- Zip Code 21215
- Market Baltimore
Points of Interest
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West Cold Spring
1.81 miles
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Falls Road
2.59 miles
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Upton
4.78 miles
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Mount Royal / University of Baltimore
5.19 miles
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Centre Street
5.70 miles
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Owings Mills
5.83 miles
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Baltimore Arena
6.15 miles
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Timonium Business Park
6.25 miles
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Charles Center
6.30 miles
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Camden Station
6.41 miles
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BP
0.51 miles
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Gulf
0.53 miles
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Exxon
0.56 miles
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BP
0.61 miles
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Crown
0.63 miles
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Exxon
0.64 miles
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CIF
0.66 miles
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Sunoco
0.70 miles
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Exxon
0.85 miles
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Shell
1.02 miles
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D
0.90 miles
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C
0.91 miles
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Cylburn Parking Garage
1.66 miles
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Maryland State Police Headquarters
2.06 miles
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D-1 Garage
2.07 miles
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Lower Lot
2.08 miles
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Mt. Washington Conference Center Visitor Lot
2.10 miles
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Davis Building Visitor Lot
2.17 miles
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Davis Garage
2.21 miles
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Mount Washington Park & Ride
2.22 miles
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Red Carpet Inn
0.57 miles
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Mt. Washington Conference Center
2.12 miles
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Delta Hotels Marriott
2.41 miles
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Ramada by Wyndham Pikesville/Baltimore North
2.78 miles
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DoubleTree by Hilton Baltimore
2.82 miles
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Hampton Inn & Suites Baltimore/Woodlawn
3.92 miles
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Best Western
3.95 miles
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Leisure Inn
4.09 miles
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Inn at the Collonade
4.19 miles
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Days Inn
4.22 miles
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Giant
0.80 miles
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Big Lots
0.84 miles
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Save-A-Lot
0.95 miles
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Stolichny European Deli
0.98 miles
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Harvest Fare
0.98 miles
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International Food Market
1.14 miles
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Shoppers
1.15 miles
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ALDI
1.76 miles
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Fresh Market
1.92 miles
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Shoprite
1.93 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.