11 E Saratoga Street, Baltimore, MD 21202

Property Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, February 7th and ends Thursday, February 12, 2026 at 12:00 PM. 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 $1,212 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 $21,882** **Scheduled Gross Yearly Rent of $262,584** **Potential Gross Monthly Rent of $22,862** **Potential Gross Yearly Rent of $274,344** 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 Property was issued a limited lead free in 2018 for 19 units, other than Unit 1B, which was issued a Full Risk Reduction Certifcate. Currently, all units have been getting Full Rick Reduction Certificates.