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78 Winchester Ave
Westminster, MD 21157
The Winchester · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,918 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1875 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | R-7500 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 7,918 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1875 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R-7500 |
ABOUT 78 WINCHESTER AVE , WESTMINSTER, MD 21157
78 Winchester Avenue represents an opportunity to acquire a unique asset with significant value-add potential near downtown Westminster. This property features 9 apartments and 8 leased garages, with a residential unit mix of (3) Efficiencies, (2) 1 Br-1 Ba, and (4) 2 Br-1 Ba Townhomes. Proven, defined path to increase rents via renovating units. Typical renovations include new appliances, new hardwood flooring and wood cabinets, updated bathrooms, new countertops and in-unit washer & dryer. Recent capital improvements include unit renovations, exterior painting and the front porch updates. Tenant amenities include: in unit washer and dryer, refrigerator, stove, microwave, parking on site, and mix of gas & electric heat. 8.8+% Pro-Forma Cap rate at list price.
PROPERTY TAXES
| Parcel Number | 07-060696 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $564,767 |
PROPERTY TAXES
