Property Details for 10 Spinners Ct

Year built

1970

Lot size

3.96 lot acres

Property size

57,820 SF

Property type

Apartment buildings

Description

This well-maintained, 64-unit apartment building in Randallstown, Maryland presents a compelling investment opportunity. The property, built in 1970, comprises four three-story buildings totaling 57,820 square feet on a 3.96-acre lot (APN: 02-0204201411). Currently boasting 94% occupancy, the Devonshire Apartments feature a mix of unit sizes: six junior one-bedroom/one-bathroom, eighteen one-bedroom/one-bathroom, and forty two-bedroom/one-and-a-half-bathroom units. Amenities include a swimming pool, community room, surface parking, and balconies or patios for each unit. Units feature white appliances, Formica countertops, wood cabinets, and a mix of carpet, ceramic tile, and LVT flooring. In-unit washer/dryers are included. Recent capital improvements include electrical upgrades (interior and exterior), pool filter and pump replacement, and HVAC and hot water heater replacements as needed. The property is zoned DR-16 and enjoys a prime location near Northwest Hospital, I-695, and I-795, with numerous shopping centers within a two-mile radius. Significant upside potential exists through light renovations (stainless steel appliances, granite countertops, LVT flooring) to achieve rental rates comparable to higher-end properties in the area, potentially increasing rents by at least 20%. Additional value-add opportunities include converting existing units to rentable space, implementing a water reimbursement program, repurposing the community room, and adding amenities like a dog park or playground. The property is offered fee simple.

Location Insight

City

Randallstown

County

Baltimore

State

Maryland

Longitude

-76.7797

Latitude

39.3606