300 WEST CHESAPEAKE AVENUE Towson, MD 21204

Cummings & Co. Commercial is pleased to present 300 West Chesapeake Avenue, an opportunity to acquire 5 units and 26 parking spaces in the heart of Towson, Baltimore County. 300 West Chesapeake Avenue is located directly across the street from the Towson Courthouse. Residents of 300 West Chesapeake are just steps away from fine eateries, movies, the Farmers' Market, Towson Place as well as the proposed Whole Foods that is planned for central Towson. Three 1-bedroom, one bath units are leased with flexible termination terms. The property has some deferred maintenance. All apartments will need complete renovation to realize current market value. A new owner can achieve higher rents on the units based on the exceptional location of this property. The opportunity also exists for a new owner to renovate the units at 300 West Chesapeake with a suggested scope of updated appliances, resurfaced countertops, new cabinets and updated bathrooms. Additional value-add opportunities include evaluating the potential to add in-unit washer/dryers, amenity upgrades such as refreshing common areas and leasing the current 26 parking spaces. Current zoning allows the new owner to redevelop as office space and/owner owner/user possibility.