The Imperial at Conkling
Baltimore, MD
The Offering
Offering Details
- Price: Subject to Offer
- # of Units: 27
- Year Renovated: 2017
- Avg. Rent: $1,452
- Walk Score: 96
- Lead Status: Lead Free
201 S Conkling St. Baltimore, MD 21224
Harbor Stone Advisors is pleased to present the unique opportunity to acquire Imperial at Conkling, a gut-renovated asset located in the Highlandtown neighborhood of Baltimore City. The property is located a mile away from some of the best retail, dining and nightlife the city has to offer, including Mobtown Brewing Company, Canton Crossing Shopping Center, and O'Donnell Square. Imperial at Conkling is also just a 6 minute drive from the Johns Hopkins Medical Center Bayview Campus.
Imperial at Conkling features 27 units with a mix of (1) Studio, (21) 1 Br-1 Ba, and (5) 2 Br-2 Ba. The property also has gated parking, a media club room, a pet washing station, and controlled access. Prior ownership completed a gut renovation of the property in 2017 which included converting the former schoolhouse into luxury apartments. Typical unit features consist of stainless steel appliances, granite countertops, hardwood/ceramic tile flooring, in-unit washer/dryers, and high-end finishes. Prior ownership also updated all of the mechanical systems.
The opportunity exists for a new owner to organically increase rents as similar properties nearby are achieving rents at least 20% higher on average. Imperial at Conkling also has an existing CHAP Tax Credit that runs through the 2026-2027 tax year.
