6807 PARK HEIGHTS AVE Baltimore MD 21215-1645

The Canterbury House Apartments represent a unique opportunity to acquire a 52 unit mid-rise asset in the desirable Upper Park Heights neighborhood of Baltimore. Unit mix consists of (11) 1 Br-1 Ba, (2) 2 Br-1 Ba,(38) 2 Br-2 Ba apartments and (1) office suite. Average apartment rent of$1,033 and $1.32 PSF. Rent includes heat, hot and cold water, along with 1 private parking space. Typical apartment features include central heating and air, some updated kitchens and bathrooms, a mix of laminate wood floors and carpeting, dishwashers, microwaves, patios or balconies, and spacious walk in closets. Renovated lobby and common halls. Tenant amenities include covered parking, guest parking, storage units, laundry on each floor, elevator access, controlled access to the property, and a community lobby. Certified limited lead free. Canterbury House is centrally located in close proximity to suburban Pikesville and Downtown Baltimore.

Value add possibilities exist through bringing longer term tenants to market rent, updating non-renovated units, adding in unit washer/dryers and billing back heat and water to tenants or separately metering the gas. 50 tenant storage lockers on site which tenants are not billed for. New ownership can begin to charge for these or build out additional apartments and / or club room / gym where storage lockers currently exist. Covered parking is also being given away and there is potential to bill this unique amenity.