NEW PRICE***LOT FOR SALE – PRIME MULTI-UNIT INVESTMENT OPPORTUNITY in Westminster, MD***Rare opportunity to acquire a ready-to-build, income-producing apartment project in the heart of Westminster. This approved and fully entitled lot is zoned for a 4-unit, two-bedroom apartment building, making it an ideal investment for developers or investors seeking long-term residual income*** Key Highlights: -Zoned & approved for a 4-unit, 2BR apartment building -Approved site plan and architectural drawings already in place -Much of the engineering work completed and approved by the county -Separate water and sewer rights allocated and appropriated for all four units -Significant upfront time, cost, and risk already eliminated -Small existing structure could be removed by next owner -Located in the heart of Westminster, close to shops, dining, employment, and services ***This property offers a truly rare chance to bring a new construction, income-producing apartment building to a strong rental market—without starting from scratch. Adding to its uniqueness, the original owner of the land dates back to the 1700s and was William Winchester, blending deep local history with modern investment potential***Whether you’re a seasoned investor or a developer looking for your next project, this is a turn-key development opportunity with years of future cash flow ahead***
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Zillow last checked:
Listing updated:
Listed by:
Mark Ruby410-259-0619,
RE/MAX Advantage Realty410-549-3500
Source: Bright MLS,MLS#: MDCR2032044
Facts & features
Property
Features
Has view: Yes
View description: City
Frontage type: Road Frontage
Lot
Size: 0.25 Acres
Dimensions: 55.00 x
Features: Level
Details
Parcel number: 0707067887
Zoning: DOWNTOWN APARTMENT
Zoning description: Zoned for the construction of a 4 Unit Apartment building. Water rights already given and being paid for by seller.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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