SVN REALSITE, a leading edge commercial real estate brokerage and advisory firm based in Baltimore, MD has arranged the sale of The Haliburton in Mt. Vernon for $1.2M.

The transaction was arranged by Justin Verner, Senior Advisor and leader of SVN REALSITE’s Multifamily Practice, and Brooks Healy, SVN REALSITE Advisor. SVN served as the exclusive advisor and agent in the disposition for Castle Management.

This 8-unit mixed-use Tudor style building was built in 1840 and was recently renovated in 2016. It consists of 5 apartments and 3 retail spaces. Typical unit features include ceramic tile kitchens and bathrooms, laminate wood flooring, and updated electric and plumbing. Situated in historic Mt. Vernon, the property is located within walking distance to University of Baltimore, Maryland Institute College of Art, Meyerhoff Symphony Hall, the historic Belvedere Hotel, and many restaurants.

According to Verner, this was a “prime example of a DC area buyer seeking a well-located, turnkey asset, but with a higher yield than available in their local market. The newly renovated condition and location adjacent to University of Baltimore were major drivers of this transaction.”

The SVN REALSITE Multifamily Team specializes in private client apartment investment sales throughout the Baltimore Metro area. For additional information, visit the multifamily section of their homepage at www.svnrealsite.com and follow them on Twitter @svnrealsite.