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- LoopNet Team
198 E Green St
Westminster, MD 21157
Green Street Crossing · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Rare, Mid-Sized Multifamily Opportunity in Westminster, MD
- Well Maintained with Historically Low Vacancy
- Recent Capital Improvements include Updated Electric and Kitchens
- Proven Value Add Opportunities
- Close to McDaniel College and Other Employment Centers
- 8 Garages and Additional Off Street Parking
PROPERTY FACTS
| No. Units | 18 | Building Size | 15,530 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | R-7 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 15,530 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1947 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | R-7 |
AMENITIES
UNIT AMENITIES
- Balcony
- Hardwood Floors
- Porch
SITE AMENITIES
- Laundry Facilities
ABOUT 198 E GREEN ST , WESTMINSTER, MD 21157
Green Street Crossing represents a unique opportunity to acquire an 18 unit stabilized apartment asset with proven value add upside in downtown Westminster. The offering is comprised of (2) studios, (10) 1 Br-1 Ba apartments, (6) 2 Br-1 Ba townhome units, and (8) garages. Proven, defined path to increase rents 20+%. Nearly 40% of the tenant base has been in place for over 5 years, and each of those rents is substantially below market. Many recent capital improvements, historically low vacancy and just 2 owners since the 1940s. Typical unit features updated kitchens with newer wooden cabinets, vinyl flooring, replacement vinyl windows, hardwood flooring, dishwashers in townhomes, basement space for storage, decks and front porches, loft space and replacement windows. Townhome units span 4 levels including the basement space. Tenant amenities include on site laundry, parking, and balcony space. Recent capital improvements include updated electrical throughout, updated kitchens, three refreshed units, and resurfaced tin roof. Majority of units are limited lead free. Central boiler heating the studio and 1Br units while each townhome has individual boilers. Window AC throughout.
PROPERTY TAXES
| Parcel Number | 07-060653 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,080,900 |
PROPERTY TAXES
