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Glen Hollow Apartments 8103 Glen Hollow Dr 49 Unit Apartment Building For Sale Glen Burnie, MD 21061
Investment Highlights
- Rare Opportunity to Acquire a Mid-Sized Multifamily Asset in Glen Burnie, MD
- Excellent Location in Anne Arundel County
- Well-Maintained Property and Strong Historical Occupancy
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Lot Size | 3.70 AC |
| No. Units | 49 | Building Size | 28,100 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1988/2022 |
| Building Class | C | Parking Ratio | 3.13/1,000 SF |
| Zoning | R15 | ||
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 28,100 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1988/2022 |
| Parking Ratio | 3.13/1,000 SF |
| Zoning | R15 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Porch
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-000-90060453 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $6,850,674 CAD |
Property Taxes
Parcel Number
03-000-90060453
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,850,674 CAD
Contacts
-
Justin Verner -
Brooks Healy -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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Glen Hollow Apartments | 8103 Glen Hollow Dr
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