Coldwell Banker Commercial Ideal Realty Group (CBC/IRG) extends to qualified investors the opportunity to acquire The Bristol Apartments (“The Property”); a class “C+” 76-unit value add community. The Property was developed in 1972 and is located in Baltimore City, Maryland.

Asking Price: $4,850,000

Terms: Asset is offered "Free and Clear"

Property Overview

The Property is conveniently located off Reisterstown Road Rt. 140, Two and one half miles from Interstate 695 and just 17 minutes from the downtown Baltimore metropolitan area. The Bristol has high visibility from the well traveled Reisterstown Road. The community has been well maintained with several major capital improvements recently completed to include 27 interior renovated units. The Property is an excellent value add acquisition for the next purchaser through several repositioning strategies.

The Bristol is constructed on 1.326 acres with quality materials utilized including masonry construction supported by concrete foundations, poured concrete floors, and brick facades. Access to the units is provided via interior corridors, accessed by interior stairs or elevator. The flat roof is covered with ballasted built-up roofing. Each unit is individually metered for electricity. The Property provides two gas-fired water heaters that supply the building with hot water. Each apartment unit is comprised of a split system with gas furnace and wall mounted condenser.

The Bristol Apartments interior amenities include plush wall-to-wall carpeting, vinyl kitchen floors and ceramic tiled bath floors, separate dining areas, sliding glass doors to patios or balconies in most units, fully equipped kitchens with dishwashers and disposals, abundance of closet space and individually controlled heating and air conditioning units. Community features include controlled access entry, laundry centers and trash disposal on each floor, storage available on each floor, walking distance to Metro and Bus public transportation, beauty salon and barber shop on-site.