Description
5461 Cedonia Avenue is a 12-unit, three-story apartment property in Northeast Baltimore featuring six one-bedroom and six two-bedroom units.​ The property is currently fully occupied and offers immediate rent upside on five units of approximately $100–$400 per month.​ At the projected purchase price, the property delivers an approximately 9.1% day-one cap rate, with additional upside through future rent growth.​The units feature white shaker cabinetry, LVP flooring, stainless steel appliances, renovated bathrooms, and private balconies in select units.​ The property is all-electric and has laundry in one of the units.​ The parcel also contains substantial open land beyond the existing building, creating potential for future expansion or additional development, subject to zoning approval.​Located in the Frankford/Cedonia corridor, the property provides convenient access to Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, MedStar Franklin Square Medical Center, and Morgan State University.​ Cedonia Park and Radecke Park are approximately 0.3 miles away, with Parkside Shopping Center less than one mile away.​ The nearby Cedonia Loop serves the CityLink PINK and LocalLink 105 bus routes, while I-95, I-895, and I-695 are all within approximately three miles.​
Description
5461 Cedonia Avenue is a 12-unit, three-story apartment property in Northeast Baltimore featuring six one-bedroom and six two-bedroom units.​ The property is currently fully occupied and offers immediate rent upside on five units of approximately $100–$400 per month.​ At the projected purchase price, the property delivers an approximately 9.1% day-one cap rate, with additional upside through future rent growth.​The units feature white shaker cabinetry, LVP flooring, stainless steel appliances, renovated bathrooms, and private balconies in select units.​ The property is all-electric and has laundry in one of the units.​ The parcel also contains substantial open land beyond the existing building, creating potential for future expansion or additional development, subject to zoning approval.​Located in the Frankford/Cedonia corridor, the property provides convenient access to Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, MedStar Franklin Square Medical Center, and Morgan State University.​ Cedonia Park and Radecke Park are approximately 0.3 miles away, with Parkside Shopping Center less than one mile away.​ The nearby Cedonia Loop serves the CityLink PINK and LocalLink 105 bus routes, while I-95, I-895, and I-695 are all within approximately three miles.​
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