80 E Bel Air Ave - Apartments FOR SALE


Aberdeen, MD 21001
$2,100,000 USD
240-444-4656
80 E Bel Air Ave, Aberdeen, MD for Sale
$2,100,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

80 E Bel Air Ave
Aberdeen, MD 21001


HIGHLIGHTS

  • Rare Middle-Market Opportunity in Harford County to Acquire a 17 Unit Townhome Community
  • Ability to Organically Increase Rents
  • Excellent Location in Harford County

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

17

PRICE/UNIT

$123,529

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aberdeen Towns

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

R-3, Aberdeen

APN/PARCEL ID

02-029537

ASK ABOUT THIS PROPERTY

Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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