214 East Biddle Street, Baltimore, MD 21202

Harbor Stone Advisors is pleased to present 214 E Biddle, a gut-renovated asset located in Historic Mount Vernon. The property is a 7 minute walk from University of Baltimore and a half mile from UMMC Midtown Campus. 214 E Biddle is also a 10 minute walk to Penn Station, which is under going $150 million worth of renovations over the next several years.

The property features 6 apartments with a unit mix of (1) Studio and (5) 1 Br-1 Ba units. Current ownership completed a comprehensive gut renovation in 2013 which included updating the apartments as well as the plumbing and mechanical systems. Typical unit features include white appliances, formica counter tops, tile/carpet/hardwood floors, and wood cabinets. All but 1 unit are project-based NEDs (Non Elderly Disabled), with the contract expiring in October 2029.

The opportunity exists for a new owner to either renew the NED contract or convert all units to market upon expiration. There is also an ability to perform a light unit renovation upon turn with a suggested scope of updated appliances and modern hardware/fixtures.