Harbor Stone Advisors Sells O'Donnell Apartments MultiFamily In Baltimore For $3.85M

The transaction involved the sale of O'Donnell Apartments, a fully renovated multifamily property located at 3233 O'donnell Street in Baltimore, MD. The asset consists of 13 units, showcasing luxury finishes and presenting an average rent of $2,442. The sale price for this multifamily property was $3,850,000, creating a price per unit of $296,154.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,850,000
• Units: 13
• Price per Unit: $296,154
• Address: 3233 O'donnell Street
• Market: Baltimore, MD

The deal was facilitated by brokers Justin Verner, Brooks Healy, Tom Wohlgemuth, and Kevin Landolphi from Harbor Stone Advisors. The transaction was conducted via debt assumption, and the property is noted for its potential for rent increases and value-add opportunities, as well as long-term tax benefits and its prime location near amenities, top employers, and scenic parks.