Harbor Stone Advisors is pleased to present North Court Apartments, a fully occupied multifamily asset situated in the heart of Westminster, MD. Located in the National Historic District of Downtown Westminster, North Court Apartments offers a unique living experience. Residents enjoy a walkable main street with preserved historic architecture, boutique stores, and excellent dining options. Downtown Westminster also has an active community calendar with annual events and festivals.
The property features 6 units with a mix of (1) Studio, (3) 1 Bedrooms, and (2) 2 Bedrooms. Prior ownership completed a comprehensive renovation of the property including unit renovations. Typical unit features consist of stainless steel appliances, wood cabinets, formica countertops, hardwood/tile flooring, and in-unit washer dryers. The current owner refreshed two units, 1 and 5, by adding granite countertops and modern hardware/fixtures.
The opportunity exists for a new owner to organically increase rents at North Court Apartments. There is also an ability to monetize parking at the property. Currently, there is a garage on-site that is being used as storage for the property. A new owner can rent out the garage as a parking area for 1-2 cars.