301-896-9070
, Glen Burnie, MD for Sale
Multi-Family - FOR SALE
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The Glen Burnie Apartment Collection
Glen Burnie, MD


OVERVIEW

Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to present The Glen Burnie Apartment Collection, a three-property portfolio comprised of Gatewater Landing Apartments (263-units), Annabal Apartments (150-units), and the Glen Burnie Town Apartments (54-units),all located in Glen Burnie, MD. This 467-unit multifamily portfolio offers investors a strong opportunity to acquire three well-maintained apartment communities conveniently located close to major employment centers that are positioned to exhibit revenue growth organically through lease renewals and turnover, continued in-unit renovations, and through the execution of several accretive upside opportunities: - Current ownership has demonstrated the strong demand for renovated units at Gatewater Landing and Annabal which will allow new ownership the opportunity to continue renovating units with a strong return on investment - Income growth through rent roll analysis suggests that there is potential to increase asking rents, while also realizing organic increases from lease renewal and turnover - Several other income opportunities such as continued absorption of Utility Fee Income Reimbursements from tenants. The Properties are being offered individually or collectively as a portfolio to allow new ownership to take advantage of management efficiencies and other economies of scale.

ASK ABOUT THIS PROPERTY

Robin WilliamsTranswestern Real Estate ServicesMore Info
301-896-9070

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Robin WilliamsTranswestern Real Estate ServicesMore Info
301-896-9070

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