39 N Court St - Apartments FOR SALE


Westminster, MD 21157
$835,000 USD
410-960-3962
39 N Court St, Westminster, MD for Sale
$835,000 USD
Apartments - FOR SALE
1/10
null | 7.52% Cap Rate

39 N Court St
Westminster, MD 21157


HIGHLIGHTS

  • Unique Opportunity to Acquire a Fully Occupied Multifamily Asset in Carroll County
  • Excellent Location in Downtown Westminster

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$835,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

6

PRICE/UNIT

$139,167

CAP RATE

7.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,719 SF

ZONING

C-County Use

APN/PARCEL ID

07-069529

ASK ABOUT THIS PROPERTY

Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.