SVN REALSITE, a leading commercial real estate brokerage and advisory firm based in Baltimore, MD has arranged the sale of Canterbury House Apartments, located in Northwest Baltimore for $4.6 million.

The transaction was brokered 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 for Quest Management in the disposition.

The property is a 63,936 square foot mid-rise apartment building consisting of 52 units. Typical apartment features include updated kitchens and bathrooms, patios/balconies, and spacious walk-in closets. Amenities include elevator access, a community lobby, laundry facilities on each floor, covered parking, and storage units. Value add opportunities exist through bringing longer term tenants to market rent and updating non-renovated units.

Situated in the Upper Park Heights neighborhood of Northwest Baltimore, the property is located in close proximity to many shopping centers, religious institutions, and country clubs. Major employers of the area include Sinai Hospital and Pimlico Race Course.

According to Verner, ”This offering garnered a robust market response with offers coming in from 5 different states. It was ultimately purchased by a local investment group who liked the stability of the Upper Park Heights location and the multiple value add opportunities.”

The SVN REALSITE Multifamily Team specializes in middle market apartment investment sales throughout the Baltimore Metro area. For additional information, visit www.svnrealsite.com and follow on Twitter @svnrealsite.