Harbor Stone Advisors is pleased to present the Apartments of Oxford, a mid-sized garden asset in Lexington Park, MD. The property is less than a mile away from Naval Air Station Patuxent River, the top employer in St. Mary’s County. The military base is also home to a variety of federal contractors, including Boeing and Lockheed Martin. Apartment of Oxford features (36) large 2 Br-1.5 Ba units, with every unit having a patio or balcony. Typical unit features include white appliances, formica countertops, wood cabinets, and laminate/carpet/tile flooring. The current ownership renovated 5 units between 2024 and 2025, with a scope that included stainless steel appliances, new cabinets, resurfaced countertops, updated bathrooms, and LVT flooring. Renovated units are achieving $2,000/mo in rent, which is $316/mo higher than the average classic unit rent. The opportunity exists for a new owner to renovate the remaining 31 units and increase rents. Similar properties in the area that have undergone renovations are achieving rents $200 higher on average. There is also an ability for a new owner to lease to more voucher tenants in order to further increase rents and provide certainty of rental income.