202-536-3788
1201 Benning Rd, Capitol Heights, MD for Sale
Apartments - FOR SALE
1/75
null | Request Cap Rate

1201 Benning Rd
Capitol Heights, MD 20743
Coral Hills


HIGHLIGHTS

  • Over $1,800,000 in recent capital improvements
  • Spacious high-demand unit mix
  • Clear path to long-term stabilization
  • 120 off-street parking spaces
  • On-site laundry facilities and renovated management office
  • Direct access to major commuter corridors

OVERVIEW

The Zupancic Group of Marcus & Millichap is pleased to present Highland Ridge, a 196-unit multifamily community located in Capitol Heights/Coral Hills, Maryland, directly adjacent to the Washington, DC border. The offering presents a rare opportunity to acquire a recently renovated asset with a clear path to stabilization. Highland Ridge consists of 231,800 gross square feet across multiple buildings and has recently undergone more than $1,800,000 in capital improvements. The community benefits from 120 on-site parking spaces, upgraded electrical systems, on-site amenities, and a spacious, high-demand unit mix averaging 842 square feet. With 85 current vacancies, recently completed renovations and proximity to major employment centers, retail, entertainment (direct access to downtown DC and National Harbor) and several major commuter corridors, the property is ideally positioned with a clear path to long term stabilization.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

196

CAP RATE

Request Cap Rate

% LEASED

57%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Ridge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

PARKING SPACES

127

LAND DETAILS

LAND ACRES

4.35 AC

LAND SF

189,620 SF

ZONING

CGO

APN/PARCEL ID

18-1986355,18-1999176,18-2033413,18-2093904

ASK ABOUT THIS PROPERTY

Marty ZupancicMarcus & MillichapMore Info
202-536-3788

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Marty ZupancicMarcus & MillichapMore Info
202-536-3788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.