Aberdeen Towns

80 E Bel Air Ave. | Aberdeen, MD 21001

OFFERS DUE: Friday, April 4

80 E Bel Air Ave. | Aberdeen, MD 21001

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.

Rare Middle-Market Opportunity in Harford County to Acquire a 17 Unit Townhome Community

• Unit mix consists (17) bi-level, 2 Br-1 Ba townhomes

• Current ownership has completed numerous upgrades, including a new shingle roof in 2022.

• Typical unit features consist of black appliances, granite/formica countertops, white or blue wood cabinetry, and a mix of LTV and carpet flooring.

Ability to Organically Increase Rents

• Opportunity exists for a new owner to organically increase rents at Aberdeen Towns, as similar properties nearby are achieving rents about $150 higher on average than the Subject property 

• 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

Excellent Location in Harford County

• Close to Route 40 and Interstate 95.

• Major area employers/colleges nearby: UM Harford Memorial Hospital, Aberdeen Proving Ground, Harford Community College.

Aberdeen, MD

The property is located in Aberdeen, Maryland. Located in Harford County, Aberdeen Towns is approximately 35 miles northeast of Baltimore. 

Aberdeen is a family-oriented community with nearby access to the Chesapeake Bay waterfront and a diverse range of retail, employment, and outdoor recreation. The city’s proximity to major highways, including I-95 and Route 40 offers an easy commute to the city for work or entertainment. Nearby, residents have additional transportation options at the Aberdeen MARC and Amtrak Station (0.5 mile away). 

Residents of Aberdeen Towns are less than 10 minutes from Harford County’s largest employer, Aberdeen Proving Ground (22.7K Employees). The military installation is hosts thousands of military members and civilians, as well as several major government contractors (CACI, IBM, Peraton). Other major economic drivers in the area include industrial and distribution centers, such as Rite Aid Mid-Atlantic and Frito Lay Manufacturing. 

Beyond employment opportunities, residents of the property benefit from the area’s family-oriented atmosphere. Residents have almost immediate access to Susquehanna State Park, 15 miles of green space and trails, as well as the recently delivered Great Wolf Lodge, a 126K SF indoor waterpark. 

The MARC Penn line begins in Perryville and ends at Union Station in Washington, DC, stopping at Penn Station (Baltimore) in between. This provides residents of the property with seamless access to surrounding major metros.