Property Description
Rare opportunity to acquire a substantially renovated five-unit apartment building in the heart of Roland Park. Four of the five apartments have been renovated with quartz counters, wood shaker cabinets, modern appliance packages, updated bathrooms, and contemporary finishes. Each apartment also has its own washer and dryer. The newly renovated terrace-level apartment offers one bedroom plus a den, while the spacious first-floor apartment spans the entire floor and has walk-out access to the large backyard. Located on a quiet, one-way street just off Roland Avenue, 711 Gladstone is one block from the Stony Run stream and its popular tree-shaded walking and biking trail and just two blocks from the Roland Park retail district. Eddies of Roland Park, neighborhood shops and restaurants are nearby, while Gilman School and Roland Park Country School are within one-half mile. I-83 is just over a mile away, providing convenient access to downtown Baltimore and the northern suburbs. Significant improvements have already been completed throughout the property. The building recently received a 400-amp electrical service upgrade and has six electric meters and five gas meters. Each apartment has a high-efficiency gas furnace with central air conditioning; three furnaces are brand new and two are approximately four years old. Each apartment also has its own water heater. Tenants pay their individual gas and electric consumption, along with an allocated portion of water, sewer, and public service electric, helping reduce landlord operating expenses. With four renovated apartments, largely new mechanical systems, tenant-paid utilities, and off-street parking for five cars, 711 Gladstone offers a turnkey opportunity in an exceptional Roland Park location. All five apartments are leased through May 31, 2027, providing a new owner with immediate, stabilized income.