410-960-3962
8103 Glen Hollow Dr, Glen Burnie, MD for Sale
Apartments - FOR SALE
1/14
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8103 Glen Hollow Dr
Glen Burnie, MD 21061
South Gate


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

49

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glen Hollow Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

88

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

R15

APN/PARCEL ID

03-000-90060453

ASK ABOUT THIS PROPERTY

Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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Justin VernerHarbor Stone AdvisorsMore Info
410-960-3962

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