Harbor Stone Advisors is pleased to present Aberdeen Towns, a rare middle-market investment opportunity in Aberdeen, MD. The property consists of (17) bi-level, 2 Br-1 Ba townhomes. The current ownership installed a new pitch-shingle roof in 2022, and has upgraded 14 of the units with new kitchens consisting of granite countertops, black appliances, white or blue wooden cabinetry, and in-unit washers and dryers. All units share a common off-street parking lot in the rear of the property.
The opportunity exists for a new owner to organically increase rents at Aberdeen Towns. Similar properties nearby are achieving rents around $150 higher than the Subject property on average. There is also an ability to further expand on the existing interior scope of all units. A new owner can also lease units to Section 8 and/or voucher tenants in order to generate higher rents and certainty of rental income.