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© 2017 Greysteel
West Monument218 W. Monument Street | Baltimore, MD
OFFERING SUMMARY
The Asset and AmenitiesThe Property contains 11 residences of which nine are studios and two are one-bedroom units.
Attractive Value-Add Offering The rents can be brought to market by installing granite countertops and rejuvenating the communal areas in the building.
Proximity to Schools and Employers
Currently the second highest-rated hospital in Maryland, directly behind the Property sits the University of Maryland Medical Center.
Highly Desirable Residential EnclaveThe Property is just around the corner from the Mount Vernon Marketplace and two blocks from the Charles Street Retail Corridor, which is littered with dining, retail, and nightlife options.
Offered Free and ClearInvestors have the ability to leverage with new debt and take maximum advantage of the low-cost financing currently offered in the marketplace.
UNIT MIX
Unit Type No. of UnitsCurrent Effective Rent (MO) Market/Potential Rent (MO)
$/Unit Total $/Unit Total
Efficiencies 9 $793 $7,137 $950 $8,550
One Bedroom 2 $800 $1,600 $995 $1,990
Totals/Wtd. Averages 11 $794 $8,737 $958 $10,540
© 2017 Greysteel
WEST MONUMENT
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AREA MAP
SALES: FINANCE:
ARI AZARBARZIN MATT LEONARD BRITTANY WISMERSenior Investment [email protected]
Investment [email protected]
Senior Finance [email protected]
For more information or to inquire about Greysteel, please contact Ari Firoozabadi, President & CEO ([email protected] | 202.417.3873)
Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified.
14 Maryland General Hospital (0.2 Miles)
PARKS & RECREATION15 St. Mary’s Park (0.3 Miles)
SHOPPING 16 7-Eleven (0.2 Miles)
17 H&H Outdoors (0.2 Miles)
18 Lexington Market (0.3 Miles)
19 Save-A-Lot (0.5 Miles)
20 Trinacria Foods (0.3 Miles)
6 Joseph Meyerhoff Symphony Hall (0.4 Miles)
FOOD7 HomeSlyce (0.3 Miles)
8 Mount Vernon Marketplace (0.1 Miles)
10 The Helmand (0.2 Miles)
11 The Land of Kush (0.2 Miles)
12 Wendy’s (0.3 Miles)
HEALTH SERVICES13 Baltimore VA
Medical Center (0.6 Miles)
EDUCATION1 New Hope Academy
(0.3 Miles)
2 Samuel Coleridge-Taylor Elementary School (0.4 Miles)
ENTERTAINMENT3 Enoch Pratt Free Library
(0.2 Miles)
4 George Peabody Library (0.2 Miles)
5 Hippodrome Theatre (0.5 Miles)
201 N. Charlest Street • Suite 1506 • Baltimore, MD 21201 410.505.0003 • www.greysteel.com
Phoenix • Los Angeles • Denver • Washington, D.C.* • Baltimore • New York • Philadelphia • Dallas • Fort Worth • Norfolk MD License No: 636050
*Corporate Headquarters and Transaction Services Center
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