2 Locations

Harbor Stone Advisors is pleased to present Abbey Place, a newly constructed multifamily asset located in Westminster, MD. The property is conveniently situated just four minutes from McDaniel College and Downtown Westminster, providing residents with easy access to a walkable main street filled with historic architecture, boutique shopping, and diverse dining. The local area also features a vibrant community life with various annual festivals and events.

Completed in 2023, Abbey Place consists of 35 luxury apartments designed with high-end finishes. The unit mix includes (12) One Bedroom units, (16) Two Bedroom units, and (7) 3 Br-2 Ba units. Each spacious residence is equipped with modern features such as stainless steel appliances, granite countertops, wood cabinetry, in-unit laundry facilities, and a combination of carpet and vinyl plank flooring. The property also offers tenant amenities such as a fitness center, community room, and a walking path.

Investment potential at Abbey Place includes the ability to organically raise rents. Additionally, a new owner may enhance the property’s value by introducing new resident amenities, such as a playground or a dog park. Abbey Place has pre-existing debt that can be assumed. The current balance is $7,538,000 with a 5.74% interest rate and maturity of January 2032.