SVN | REALSITE, Baltimore’s leader in private client multifamily investment sales, arranged the sale of 4001 Barrington Road, located in Gwynn Oak. The Gwynn Oak neighborhood is located in Northwest Baltimore CIty, in close proximity to Coppin State University, Baltimore City Community College, Hanlon Park and mass transit.
This 8-unit apartment building sold for $470,000, or $58,750/ unit. The property has a brick exterior with garden style construction. The unit mix consists of six 2 bedroom, 1 bathroom units and two 4 bedroom, 1 bathroom units. The units are spacious and have ceramic tile kitchens and bathrooms, hardwood flooring, replacement kitchen cabinets, high ceilings, and replacement windows. The building is newly equipped with security cameras.
Justin Verner, Baltimore Multifamily Practice Leader, and Brooks Healy, Associate Advisor, represented the seller in the disposition. “This transaction was a high yield opportunity with a mix of subsidized and market tenants,” said Verner. “The level of return attracted a D.C. area investor who was unable to find such attractive yields in his local market,” he added.
The SVN REALSITE Multifamily Team specializes in private client apartment investment sales throughout the Baltimore metro area. For additional information, please visit www.svnrealsite.com and follow @svnrealsite on Twitter.
