11 E SARATOGA ST Baltimore, MD 21202
Open House
Wed Feb 04, 12:15pm - 12:15pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2199504
Year Built 1900
Annual Tax Amount $49,716
Tax Year 2025
Lot Size 5,532 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
GUIDED TOUR WEDNESDAY, FEBRUARY 4TH STARTING AT 12:15PM
Please see link above for additional photos
The Lofts at The Daily Record is a boutique luxury apartment building located at 11 E. Saratoga Street in the heart of Downtown Baltimore City. This fully renovated, income-producing asset consists of 20 thoughtfully designed residential units spanning approximately 18,360 square feet and is currently 95% occupied, offering immediate and stable cash flow.
Originally gut-renovated in 2018, the property features a modern unit mix of 3 studio apartments, 13 one-bedroom/one-bath units, and 4 two-bedroom/one-bath units, appealing to a wide range of urban renters. The building delivers a strong average rent of $1,137 per unit, supported by high-quality finishes and efficient layouts.
Each luxury-style residence includes stainless steel appliances, granite countertops, wood cabinetry, and durable vinyl plank or tile flooring. Select units are enhanced with in-unit washers and dryers, further elevating tenant demand and retention. Tenants reimburse for water, contributing to favorable operating efficiency.
The property benefits from new mechanical systems and a new roof, minimizing near-term capital expenditures and ensuring long-term durability. Positioned within walking distance of major employers, transit, dining, and cultural destinations, The Lofts at The Daily Record offers investors a rare opportunity to acquire a modernized, well-performing multifamily asset in one of Baltimore's most established urban neighborhoods.
Financial Highlights
**Scheduled Gross Monthly Rent of $21,667.35**
**Scheduled Gross Yearly Rent of $260,008**
**Gross Potential Monthly Rent based on full occupancy of $22,927.35**
**Gross Potential Yearly Rent based on full occupancy of $275,128**
Projected Annual Expenses:
Taxes: $49,716
Special Benefit District Surcharge: $4,717
Insurance: $14,000
Electric: $6,114
Water: $11,425
Trash Removal: $7,516
Fire/Life Safety$1,500
Licenses: $1,000
Location
State MD
County Baltimore City
Zoning C-5DC
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0304010608 007
Ownership Fee Simple
Special Listing Condition Auction
NEARBY SCHOOL & BUSINESS
- 6
Hampden Elementary/Middle School
Public | PK - 8
- 6
Thomas Johnson Elementary/Middle School
Public | PK - 8
- 5
Lansdowne Elementary School
Public | PK - 5
- 5
Mount Royal Elementary/Middle School
Public | KG - 8
- 5
Cecil Elementary School
Public | PK - 5
- 4
Mary Ann Winterling Elementary School at Bentalou
Public | PK - 5
- 4
John Eager Howard Elementary School
Public | PK - 5
- 4
Midtown Academy
Public | KG - 8
- 4
Baltimore Montessori Public Charter School
Public | PK - 5
- 4
Federal Hill Preparatory School
Public | PK - 5
- 4
Francis Scott Key Elementary/Middle School
Public | PK - 8
- 4
Hampstead Hill Academy
Public | PK - 8
- 4
The Green School
Public | KG - 5
- 3
Morrell Park Elementary/Middle School
Public | PK - 8
- 3
Lakeland Elementary/Middle School
Public | PK - 8
- 3
New Song Academy
Public | PK - 8
- 3
Charles Carroll Barrister Elementary School
Public | PK - 5
- 3
Commodore John Rogers Elementary/Middle School
Public | PK - 8
- 3
Patterson Park Public Charter School
Public | PK - 8
- 2
Empowerment Academy
Public | PK - 8
- 4
The Crossroads School
Public | 6 - 8
- 3
Baltimore Leadership School for Young Women
Public | 6 - 12
- 3
Stadium School
Public | 6 - 8
- 2
Lansdowne Middle School
Public | 6 - 8
- 2
National Academy Foundation
Public | 6 - 12
- 1
Academy for College and Career Exploration
Public | 6 - 12
- 1
Booker T. Washington Middle School
Public | 6 - 8
- 1
New Hope Academy
Public | 6 - 12
- 1
New Era Academy
Public | 6 - 12
- 1
The Reach! Partnership School
Public | 8 - 12
- 1
Afya Public Charter School
Public | 6 - 8
- 0
Baltimore Montessori Public Charter Middle School
Public | 6 - 8
- 0
Baltimore Design School
Public | 6 - 10
- 0
St Ignatius Loyola Academy
Private | 6 - 8
- 0
Mother Seton Academy
Private | 6 - 8
- 0
Bluford Drew Jemison STEM Academy Middle School
Public | 6 - 8
- 8
Baltimore School for the Arts
Public | 9 - 12
- 6
Baltimore City College
Public | 9 - 12
- 5
Paul Laurence Dunbar High School
Public | 9 - 12
- 3
Coppin Academy
Public | 9 - 12
- 2
Carver Vocational-Technical High School
Public | 9 - 12
- 2
Augusta Fells Savage Institute of Visual Arts
Public | 9 - 12
- 2
Vivien T. Thomas Medical Arts Academy
Public | 9 - 12
- 1
Frederick Douglass High School
Public | 9 - 12
- 1
Independence School Local I
Public | 9 - 12
- 1
Renaissance Academy
Public | 9 - 12
- 1
Digital Harbor High School
Public | 9 - 12
- 1
Mergenthaler Vocational-Technical High School
Public | 9 - 12
- 1
Heritage High School
Public | 9 - 12
- 0
Baltimore Talent Development
Public | 9 - 12
- 0
Excel Academy @ Francis M. Wood High School
Public | 9 - 12
- 0
The Community School
Private | 9 - 12
- 0
Eager Street Academy
Public | 9 - 12
- 0
St Frances Academy
Private | 9 - 12
- 0
Institute of Notre Dame
Private | 9 - 12
- 0
Achievement Academy @ Harbor City High School
Public | 9 - 12