Winchester Apartments

78 Winchester Ave, Westminster, MD 21157

78 Winchester Ave. Westminster, MD 21157

Harbor Stone Advisors is pleased to present the unique opportunity to acquire Winchester Apartments, a fully occupied multifamily asset located in Westminster, MD. The property features 9 units with a mix of (1) Efficiency, (3) 1 Br-1 Ba, (1) 2 Br-1 Ba, and (4) 2 Br-1 Townhomes. Typical unit features consist of white/stainless steel appliances, formica/resurfaced countertops, wood cabinets, and plank/tile/carpet flooring. There are also (8) 1 car garages on-site that are fully leased.

Current ownership has lightly upgraded some of the units over the last few years and fully renovated 2 units with new appliances, resurfaced countertops, updated bathrooms, and flooring. The opportunity exists for a new owner to renovate the remaining units to further increase rents. Comparable properties nearby are achieving rents at least $200 higher on average than the Subject property. There is also the ability for a new owner to convert unit 88-9 to a 3 Br-2 Ba. Unit 88-9 was originally two units, but these were combined to create a 2 bedroom unit. The bathroom and kitchen of one of the original units is currently closed off, giving the opportunity to a new owner to renovate the bathroom and gut the kitchen to create an additional bedroom.

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Attachments

Highlights

  • Unique Opportunity to Acquire a Fully Occupied Multifamily Asset in Carroll County
  • Features 9 units with a mix of (1) Efficiency, (3) 1 Br-1 Ba, (1) 2 Br-1 Ba, and (4) 2 Br-1 Townhomes
  • Typical unit features consist of white/stainless steel appliances, formica/resurfaced countertops, wood cabinets, and plank/tile/carpet flooring
  • (8) 1 car garages on-site that are fully leased
  • Ability to Increase Rents Via Renovation
  • Current ownership has lightly upgraded some of the units over the last few years and fully renovated 2 units with new appliances, resurfaced countertops, updated bathrooms, and flooring.
  • Opportunity exists for a new owner to renovate the remaining units to further increase rents at least $200
  • Ability for a new owner to convert unit 88-9 to a 3 Br-2 Ba
  • Excellent Location in Westminster; 5 Minute Drive to McDaniel College
  • Easy access to Route 140
  • Multiple shopping centers and dining options surrouding the property
  • Major area employers/colleges nearby: Carroll Hospital Center, McDaniel College, Carroll Community College, Penguin Random House

Contacts

broker

Justin Verner

Harbor Stone Advisors

(410) 960-3962

broker

Brooks Healy

Harbor Stone Advisors

(443) 523-6865

broker

Tom Wohlgemuth

Harbor Stone Advisors

(240) 444-4656

broker

Shana Callahan

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

(410) 575-1861

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    20/100 Minimal Transit

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Westminster, MD
  • Neighborhood Westminster
  • Zip Code 21157
  • Market Baltimore

Points of Interest

  • Carroll Motor Fuels

    0.32 miles

  • High’s

    0.58 miles

  • Sunoco

    0.60 miles

  • Giant Food Gas

    0.63 miles

  • Jiffy Mart

    0.69 miles

  • Oceanic

    1.09 miles

  • BJ's Gas

    1.40 miles

  • Wawa

    1.44 miles

  • Royal Farms

    3.84 miles

  • 7-Eleven

    4.84 miles

  • Diffendal Lot

    0.42 miles

  • Longwell Parking Garage

    0.45 miles

  • Westminster Longwell Parking Garage

    0.45 miles

  • Longwell Parking Lot

    0.46 miles

  • Sherwood Parking Lot

    0.51 miles

  • Sentinel Lot

    0.51 miles

  • Abion Lot

    0.52 miles

  • Longwell Annex Lot

    0.52 miles

  • Gehr Lot

    0.53 miles

  • Westminster Square Garage

    0.53 miles

  • Days Inn

    0.70 miles

  • Best Western

    1.63 miles

  • Maggie's

    0.31 miles

  • Kountry Kafe

    0.46 miles

  • Paradiso Pizzeria

    0.47 miles

  • Thai Classic III Westminster

    0.49 miles

  • Giulianova

    0.50 miles

  • Paradiso Ristorante

    0.51 miles

  • O'Lordans Irish Pub & Restaurant

    0.52 miles

  • Johansson's Dining House

    0.54 miles

  • Rafael's Restaurant

    0.59 miles

  • Wendy's

    0.70 miles

  • Carroll County Evening High School

    0.40 miles

  • Carroll County Home and Hospital School

    0.40 miles

  • Christian Preschool and Kindergarten Program

    0.50 miles

  • Westminster East Middle School

    0.51 miles

  • Carroll County Education Center

    0.54 miles

  • Westminster East Middle School

    0.57 miles

  • Cranberry Station Elementary School

    0.84 miles

  • Carroll Christian School

    0.85 miles

  • Faith Christian School

    0.86 miles

  • Winters Mill High School

    0.88 miles

Frequently Asked Questions

How much does Winchester Apartments cost?

The space currently listed for sale at Winchester Apartments asks for $1,075,000.

What is the total square footage of Winchester Apartments?

Winchester Apartments totals 7,918 square feet.

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