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Multifamily

Bradford Green Townhomes

402 Battery Dr, Havre de Grace, MD 21078

Listing Price: $12,200,000

Cap Rate
6.10%
Number of Units
75
Price/Unit
$162,667

Investment Overview

Marcus & Millichap is pleased to exclusively present the Bradford Green Townhomes located at 402 Battery Drive located in the heart of Havre De Grace, Maryland. The subject property is made up of 75 townhomes: 57 three (3) bedroom homes and 18 four (4) bedroom unit homes averaging 1,218 SF per unit. The townhomes are situated on a 3.68 acre lot where tenants are responsible for snow removal and landscaping. Apartments rents in the Baltimore market have been rising at an annual 2.1% rate and Havre De Grace has a projected 4.9% population growth in 2022-2027. Havre De Grace is in Harford County and considered one of the best places to live in Maryland offering its residents a dense suburban feel, above average public schools, and low crime rates. The region boasts healthy demographics with an impressive average household income of $106,673 within a 2-mile radius of the subject property.

Investment Highlights

  • Subject property has 57 three (3) bedroom homes and 18 four (4) bedroom homes.
  • Large units with average SF at 1,200+ SF.
  • HVAC unit replacements ad weatherizing completed in 2021/2022
  • Recent roof replacements and concrete replacement in a number of driveways.
  • Located within close driving distance to a number of major shopping centers, amenities, parks, and local restaurants and bars.
  • Market rents increasing at 1.2% YoY.
  • Healthy demographics with 105,820 people within a 10-mile radius of the subject property and an impressive average household income of $106,673 within a 2-mile radius.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Financing By

Multifamily

Bradford Green Townhomes

Listing Price: $12,200,000

Cap Rate
6.10%
Number of Units
75
Price/Unit
$162,667

Investment Highlights

  • Subject property has 57 three (3) bedroom homes and 18 four (4) bedroom homes.
  • Large units with average SF at 1,200+ SF.
  • HVAC unit replacements ad weatherizing completed in 2021/2022
  • Recent roof replacements and concrete replacement in a number of driveways.
  • Located within close driving distance to a number of major shopping centers, amenities, parks, and local restaurants and bars.
  • Market rents increasing at 1.2% YoY.
  • Healthy demographics with 105,820 people within a 10-mile radius of the subject property and an impressive average household income of $106,673 within a 2-mile radius.

Investment Overview

Marcus & Millichap is pleased to exclusively present the Bradford Green Townhomes located at 402 Battery Drive located in the heart of Havre De Grace, Maryland. The subject property is made up of 75 townhomes: 57 three (3) bedroom homes and 18 four (4) bedroom unit homes averaging 1,218 SF per unit. The townhomes are situated on a 3.68 acre lot where tenants are responsible for snow removal and landscaping. Apartments rents in the Baltimore market have been rising at an annual 2.1% rate and Havre De Grace has a projected 4.9% population growth in 2022-2027. Havre De Grace is in Harford County and considered one of the best places to live in Maryland offering its residents a dense suburban feel, above average public schools, and low crime rates. The region boasts healthy demographics with an impressive average household income of $106,673 within a 2-mile radius of the subject property.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

Financing By

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