Log In/Sign Up
Your email has been sent.
North Court Apartments 39 N Court St 6 Unit Apartment Building $835,000 ($139,167/Unit) Westminster, MD 21157
Investment Highlights
- Unique Opportunity to Acquire a Fully Occupied Multifamily Asset in Carroll County
- Excellent Location in Downtown Westminster
Executive Summary
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.
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.
Property Facts
| Price | $835,000 | Lot Size | 0.35 AC |
| Price Per Unit | $139,167 | Building Size | 6,276 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low-Rise | Parking Ratio | 0.32/1,000 SF |
| Building Class | C | ||
| Zoning | C-County Use | ||
| Price | $835,000 |
| Price Per Unit | $139,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,276 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1880 |
| Tenancy | Single |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | C-County Use |
Amenities
Unit Amenities
- Office
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 07-069529 | Improvements Assessment | $316,400 |
| Land Assessment | $162,600 | Total Assessment | $479,000 |
Property Taxes
Parcel Number
07-069529
Land Assessment
$162,600
Improvements Assessment
$316,400
Total Assessment
$479,000
Contacts
-
Gina Bell -
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
North Court Apartments | 39 N Court St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.