SVN REALSITE, a leading edge commercial real estate brokerage and advisory firm based in Baltimore, MD has arranged the sale of the Blenheim Apartments in Dundalk, MD for $1,500,000.

The transaction was arranged by Justin Verner, Senior Advisor and leader of SVN REALSITE’s Multifamily Practice. SVN was selected to represent Castle Management in the disposition.

The property, consisting of (26) 2Br-1Ba apartments, was built in 1943 and subject to a number of updates from 2013-2016. Property amenities include updated kitchens with new appliances, newer carpeting in bedroom and living areas, ceramic tile tubs, and new bathroom flooring. Situated in Dundalk, residents have convenient access to I-695 and I-95, and are ten minutes’ driving distance to Baltimore City. Major area employers include Johns Hopkins Bayview Medical Center, an Amazon distribution center, and a soon-to-be built Under Armour distribution center.

“We were able to secure a Virginia based buyer seeking a higher yield multifamily investment than available in their local market. The stability of the Dundalk community and influx of new jobs coming to the area were also major drivers in the buyer’s decision”, indicated Justin Verner. The SVN REALSITE Multifamily Team specializes in private client apartment investment sales throughout the Baltimore metro area. For additional information, please visit the multifamliy section of our homepage at www.svnrealsite.com and follow us on Twitter @svnrealsite.