Skip to main content

Multifamily

JSB Apartments

2165 Crain Hwy, Waldorf, MD 20601

Listing Price: Request For Offer

Number of Units
48
Occupancy
93.0%
Gross SF
41,728

Investment Overview

Offering Overview

As the exclusive listing agent, Marcus & Millichap is pleased to introduce the exceptional investment opportunity of JSB Apartments, situated at 2165-2169 Crain Highway. Located at the gateway to Waldorf, MD—a rapidly expanding suburb of both Washington, DC, and Baltimore, MD—this market-rate multifamily community stands as a rare gem in a submarket where property transactions are infrequent.
Distinguishing itself from sister submarkets like Prince George’s County, Montgomery County, and Washington, DC, JSB Apartments enjoys the absence of rent-controlled restrictions. This unique advantage empowers ownership to leverage market conditions, implement strategic capital improvements, and adjust rents based on the improvement of the market, providing a flexible and dynamic approach to maximizing returns.


The Asset

JSB Apartments presents a compelling investment opportunity, featuring 48 market-rate multifamily units in a rapidly expanding submarket. The community is comprised of forty-eight (48) Junior One Bedrooms, with an average rent level approximately 19% below that of the competitive set. Beyond the existing rental growth opportunities, investors have the potential to further enhance returns by implementing the water RUBS (Ratio Utility Billing System) program. This strategic initiative allows for the equitable distribution of utility costs among residents, providing an additional avenue for revenue optimization.

Under the stewardship of current ownership, substantial capital investments have been dedicated to elevating the community. Noteworthy enhancements encompass the replacement of roofs, windows, HVAC units, the installation of a CCTV system, and the resurfacing of the parking lot. These deliberate and strategic improvements have effectively positioned the asset, creating a solid foundation for the implementation of additional value-add renovation strategies when market conditions align. This affords investors a distinctive and invaluable opportunity to leverage the property's existing yield and capitalize on the anticipated future appreciation.


The Location

Waldorf, MD, situated in Charles County, stands as one of Maryland's fastest-growing communities. Since 2000, the county has experienced a remarkable 28 percent population surge, and as of 2022, boasts a median household income of $103,678, earning it the 39th spot among the wealthiest counties in the United States.

Conveniently positioned just 30 minutes from Washington, DC, and nestled within the thriving DC-Baltimore-Richmond corridor, Charles County offers access to a vast demographic, with over 10 million people reachable within a two-hour drive. JSB Apartments, strategically located at the gateway to Charles County, witnesses the daily passage of more than 90,000 vehicles. Its prime location ensures easy access to various social and professional destinations.

Adding to the appeal, the upcoming Waldorf Station development adjacent to JSB Apartments on a sprawling 150-acre site is set to elevate the area's allure. Planned features include a grocery store, a state-of-the-art fitness facility, and a diverse array of retail establishments. Once completed, this development will significantly enhance the shopping and dining options available to JSB Apartments residents, contributing to an enriched living experience and driving rent growth for years to come.

Investment Highlights

  • Strong Potential Income Growth
  • No Rent Restrictions
  • located immediately adjacent to the 150 Acre Waldorf Station Development
  • Supply Constrained High-Demand Market
  • Ideally Located With Immediate Proximity to Major Demand Drivers
  • Recent Substantial Capital Investment

Exclusively Listed By

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Financing By

Multifamily

JSB Apartments

Listing Price: Request For Offer

Number of Units
48
Occupancy
93.0%
Gross SF
41,728

Investment Highlights

  • Strong Potential Income Growth
  • No Rent Restrictions
  • located immediately adjacent to the 150 Acre Waldorf Station Development
  • Supply Constrained High-Demand Market
  • Ideally Located With Immediate Proximity to Major Demand Drivers
  • Recent Substantial Capital Investment

Investment Overview

Offering Overview As the exclusive listing agent, Marcus & Millichap is pleased to introduce the exceptional investment opportunity of JSB Apartments, situated at 2165-2169 Crain Highway. Located at the gateway to Waldorf, MD—a rapidly expanding suburb of both Washington, DC, and Baltimore, MD—this market-rate multifamily community stands as a rare gem in a submarket where property transactions are infrequent. Distinguishing itself from sister submarkets like Prince George’s County, Montgomery County, and Washington, DC, JSB Apartments enjoys the absence of rent-controlled restrictions. This unique advantage empowers ownership to leverage market conditions, implement strategic capital improvements, and adjust rents based on the improvement of the market, providing a flexible and dynamic approach to maximizing returns. The Asset JSB Apartments presents a compelling investment opportunity, featuring 48 market-rate multifamily units in a rapidly expanding submarket. The community is comprised of forty-eight (48) Junior One Bedrooms, with an average rent level approximately 19% below that of the competitive set. Beyond the existing rental growth opportunities, investors have the potential to further enhance returns by implementing the water RUBS (Ratio Utility Billing System) program. This strategic initiative allows for the equitable distribution of utility costs among residents, providing an additional avenue for revenue optimization. Under the stewardship of current ownership, substantial capital investments have been dedicated to elevating the community. Noteworthy enhancements encompass the replacement of roofs, windows, HVAC units, the installation of a CCTV system, and the resurfacing of the parking lot. These deliberate and strategic improvements have effectively positioned the asset, creating a solid foundation for the implementation of additional value-add renovation strategies when market conditions align. This affords investors a distinctive and invaluable opportunity to leverage the property's existing yield and capitalize on the anticipated future appreciation. The Location Waldorf, MD, situated in Charles County, stands as one of Maryland's fastest-growing communities. Since 2000, the county has experienced a remarkable 28 percent population surge, and as of 2022, boasts a median household income of $103,678, earning it the 39th spot among the wealthiest counties in the United States. Conveniently positioned just 30 minutes from Washington, DC, and nestled within the thriving DC-Baltimore-Richmond corridor, Charles County offers access to a vast demographic, with over 10 million people reachable within a two-hour drive. JSB Apartments, strategically located at the gateway to Charles County, witnesses the daily passage of more than 90,000 vehicles. Its prime location ensures easy access to various social and professional destinations. Adding to the appeal, the upcoming Waldorf Station development adjacent to JSB Apartments on a sprawling 150-acre site is set to elevate the area's allure. Planned features include a grocery store, a state-of-the-art fitness facility, and a diverse array of retail establishments. Once completed, this development will significantly enhance the shopping and dining options available to JSB Apartments residents, contributing to an enriched living experience and driving rent growth for years to come.

Exclusively Listed By

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

Financing By

MM Texture Background
MM Textured Background Lower