Glen Hollow Apartments
New Offering: Glen Hollow Apartments | Rare Opportunity to Acquire 49 Well-Maintained Units in Anne
Marketing description
Harbor Stone Advisors is pleased to present Glen Hollow Apartments, a well-maintained multifamily asset located in Glen Burnie, MD. The property is conveniently situated near I-97 and is less than a 5 minute drive to University of Maryland Baltimore Washington Medical Center, one of the top employers in Anne Arundel County.
Glen Hollow Apartments features 49 units with a mix of (10) Studios, (34) 1 Br-1 Ba, (2) 2 Br-1 Ba, and (3) 2 Br-2 Ba. Between 2020 and 2022, current ownership completed comprehensive interior renovations across all units. These updates included LVT flooring, in-unit washer/dryers, updated bathrooms, white cabinetry, formica countertops, and black appliances. Exterior improvements were also performed, featuring updated signage, the replacement of all gutters and two roofs, and the resealing and restriping of the parking lot.
The opportunity exists for a new owner to organically increase rents at Glen Hollow Apartments. Recent leasing activity demonstrates this upward trend, with new move-in rents increasing by approximately 8% on average and renewals seeing a 4.5% average increase.
Investment highlights
- Rare Opportunity to Acquire a Mid-Sized Multifamily Asset in Glen Burnie, MD
- Well-Maintained Property and Strong Historical Occupancy
- Excellent Location in Anne Arundel County
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