443-523-6865
9420-9424 Adelphi Rd, Hyattsville, MD for Sale
Apartments - FOR SALE
1/12
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9420-9424 Adelphi Rd
Hyattsville, MD 20783
Adelphi


HIGHLIGHTS

  • Opportunity to Acquire a Mid-Sized Garden Asset in Hyattsville, MD
  • Minimal Deferred Maintenance and Value-Add Possibilities for a New Owner
  • Located Two Miles Away From University of Maryland, College Park and U.S. Food and Drug Administration

OVERVIEW

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, repaving 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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Jennifer at Adelphi

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,270 SF

ZONING

R-18

APN/PARCEL ID

17-1933340

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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