1214 EUTAW PLACE

BALTIMORE, MD 21217

1214 Eutaw is a gut renovated asset located in the historic Bolton Hill neighborhood of Baltimore City. Bolton Hill is home to 20 blocks of mostly preserved, historic buildings and numerous monument and parks. Residents of 1214 Eutaw are just a short walk away from University of Maryland Medical Center (UMMC) Midtown Campus, Maryland State Government offices, University of Baltimore, and the Maryland Institute College of Art (MICA). The property features 26 units with a mix of (5) Studios, (16) 1 Br-1 Ba and (3) 2 Br-2 Ba, as well as (2) commercial spaces. The commercial spaces are leased to a spa and hair salon through May 2026 and September 2025 respectively. There is also a surface lot behind the building with six parking spaces. Current ownership completed a comprehensive gut renovation of the property in 2020, leaving minimal deferred maintenance for a new owner. Typical apartment unit features include stainless steel appliance packages, granite countertops, wood cabinets, hardwood flooring, in-unit washer/dryers, and luxury finishes. The opportunity exists for a new owner to organically increase rents at 1214 Eutaw, as well as implement a water reimbursement program upon renewal and/or new lease. The property also has an existing CHAP Tax Credit in-place through the 2029-2030 tax year, offering future savings. 1214 Eutaw has pre-existing debt that can be assumed. The current balance is $3,190,368 with a 3.875% interest rate. The loan matures in July 2050, with a rate adjustment every 10 years.

Listing courtesy of Permira Realty, LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.