Under Contract

Green Street Apartments

Havre De Grace, MD

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The Offering

Offering Details

Price $1,300,000
Price/Unit $108,333
Cap Rate 8.92%
# of Units 12
Avg. Rent $1,229
Avg. Year Built 1918

664 & 667 Green Street | Havre De Grace, MD 21078

Harbor Stone Advisors is pleased to present the unique opportunity to acquire Green Street Apartments, a multifamily asset located in Havre de Grace, MD. The property features 12 units with a mix of (5) 1 Br-1 Ba, (5) 2 Br-1 Ba, (1) 3 Br-1 Ba, and (1) 3 Br-2 Ba. Typical unit features consist of black/stainless steel appliances, granite/hard surface countertops, wood cabinets, carpet/tile/plank flooring, and some in-unit washer/dryers.

Current ownership has renovated half of the units over the last few years with a scope of stainless steel appliances, granite countertops, new kitchen cabinets, and updated bathrooms. The opportunity exists for a new owner to renovate the remaining units to further increase rents.

Offering Highlights

Unique Opportunity to Acquire a Multifamily Asset in Harford County

• Features 12 units with a mix of (5) 1 Br-1 Ba, (5) 2 Br-1 Ba, (1) 3 Br-1 Ba, and (1) 3 Br-2 Ba

• Typical unit features consist of black/stainless steel appliances, granite/hard surface countertops, wood cabinets, carpet/tile/plank flooring, and some in-unit washer/dryers

Ability to Increase Rents Via Renovation

• Current ownership has renovated half of the units over the last few years with a scope of stainless steel appliances, granite countertops, new kitchen cabinets, and updated bathrooms

• Opportunity exists for a new owner to renovate the remaining units to further increase rents

Excellent Location in Havre de Grace

• Easy access to Route 40

• Quaint, suburban location and walkable to numerous restaurants, cafes, and unique shops