SVN REALSITE, a leading edge commercial real estate brokerage and advisory firm based in Baltimore, MD has brokered the sale of 920 St. Paul Street Apartments in Mt. Vernon for $795,000 or $113,571 / unit.

The transaction was arranged by Justin Verner, Senior Advisor and leader of SVN REALSITE’s Multifamily Practice, and Brooks Healy, SVN REALSITE Advisor. SVN served as the exclusive advisor and agent in the disposition.

This 10,000 square foot mid-rise brownstone was built in 1864 and consists of 6 apartments (one down apartment), and first floor office space. Although the property was renovated in 1982, much of the original detail remains intact, including high ceilings, hardwood floors, and marble mantles. Additional features include ceramic tile kitchens, updated appliances, and an intercom buzzer system. Six garage spaces and three additional off-street parking spaces are located at the rear of the property.

Situated in historic Mt. Vernon, 920 St. Paul Apartments are located several minutes' walking distance to many Zagat-rated restaurants, a grocery store, and cultural landmarks including the Washington Monument, the Walter's Art Museum, the George Peabody Library, and the Belvedere Hotel. University of Baltimore and Maryland Institute College of Art are located minutes away.

According to Verner, “The market reacted with robust interest, ultimately leading to a full price offer with a closing less than two months after going on market. The Mt Vernon location, historic features and ability to add units were drivers in the sale which was purchased by a local buyer. ”

The SVN REALSITE Multifamily Team specializes in private client apartment investment sales throughout the Baltimore Metro area. For additional information, visit the multifamily section of their homepage at www.svnrealsite.com and follow them on Twitter @svnrealsite.