96% Occupied Apartment Complex comprising 85 Units Known as "Nottingham South Apartments" Located in the "Hunting Ridge" Area of Baltimore City ** Gross Potential Annual Rent of $744,000 **
700-704, 705, 706-708, 707, 709 Nottingham Road, Baltimore, MD 21229707 Cooks Lane, Baltimore, MD 21229
Excellent opportunity to purchase an apartment complex comprised of six buildings totaling 85 units. The complex is located in the "Hunting Ridge" Community of Baltimore City which is conveniently located minutes away from MD Rte. 40, I-70, I-695 and the Social Security Administration.
Nottingham South Apartments is a garden style apartment community with ample on-site parking, on-site laundry facilities, storage units for tenants and a playground. The complex enjoys a 96% occupancy rate.
The unit mix consists of:
• 41 - One-bedroom units with 531 +/- to 663 +/- sq. ft. of living space
• 33 - Studio units with 457 +/- sq. ft. of living space
• 11 - Two-bedroom units with 738 +/- sq. ft. of living space
The units are separately metered for electricity, which is paid by the respective tenant(s). The tenants also pay the landlord a flat fee for water.
Heat is provided by a central gas fired hot water radiator system located in each building. Individual thermostats are located in each unit, which allow the tenant(s) to control the temperature in their respective units. Cooling is provided by window A/C units.
Hot water to units is provided by a central gas fired hot water heater located in each building.
The landlord pays for common area lighting (public service meter), water and natural gas.
Currently 82 of the 85 units are occupied.
Please email nick@alexcooper.com for a copy of the rent roll and expenses.
Nottingham South Apartments is a garden style apartment community with ample on-site parking, on-site laundry facilities, storage units for tenants and a playground. The complex enjoys a 96% occupancy rate.
The unit mix consists of:
• 41 - One-bedroom units with 531 +/- to 663 +/- sq. ft. of living space
• 33 - Studio units with 457 +/- sq. ft. of living space
• 11 - Two-bedroom units with 738 +/- sq. ft. of living space
The units are separately metered for electricity, which is paid by the respective tenant(s). The tenants also pay the landlord a flat fee for water.
Heat is provided by a central gas fired hot water radiator system located in each building. Individual thermostats are located in each unit, which allow the tenant(s) to control the temperature in their respective units. Cooling is provided by window A/C units.
Hot water to units is provided by a central gas fired hot water heater located in each building.
The landlord pays for common area lighting (public service meter), water and natural gas.
Currently 82 of the 85 units are occupied.
Please email nick@alexcooper.com for a copy of the rent roll and expenses.
Monday
April 03, 2017 11am EDT
Auction to be held on premises
Sold Price
$4,250,000
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