9420 ADELPHI RD, HYATTSVILLE, MD 20783

Harbor Stone Advisors is pleased to present the opportunity to acquire The Jennifer at Adelphi, a stabilized garden asset in Hyattsville, MD. Located in Prince George's County the property is less than a 10 minute drive away from University of Maryland, College Park and the U.S. Food and Drug Administration which are two of the top employers in the county.

The Jennifer at Adelphi features (12) 2 Br-1 Ba units, and property amenities include a surface parking lot and a laundry room. Prior ownership renovated 11 units with a scope of new appliances, granite countertops, new wood cabinets, updated bathrooms, recessed lighting, vinyl wood flooring in lower level units, refinished hardwood flooring, and new carpet in bedrooms. The current owner has elevated the kitchens in 4 units with a scope of quartz countertops, updated cabinetry, and tile backsplash. There is 1 classic unit remaining at the property. In addition to unit renovations, current ownership completed numerous capital projects such as a door access system installation, repave of the parking lot, and replacement of the roof and chimney.

The opportunity exists for a new owner to continue the elevated renovation on the remaining units. The market is accepting of higher-end renovations and comparable properties nearby are currently achieving rents $180 higher on average than the Subject property. Other value-add opportunities include creating a grill/picnic area and implementing a parking fee.

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