Investment Overview

Marcus & Millichap is pleased to present Highland Ridge, a 196-unit multifamily community located in Capitol Heights/Coral Hills, Maryland, directly adjacent to the Washington, DC border. The offering presents a rare opportunity to acquire a recently renovated asset with a clear path to stabilization. Highland Ridge consists of 231,800 gross square feet across multiple buildings and has recently undergone more than $1,800,000 in capital improvements. The community benefits from 120 on-site parking spaces, upgraded electrical systems, on-site amenities, and a spacious, high-demand unit mix averaging 842 square feet. With 85 current vacancies, recently completed renovations and proximity to major employment centers, retail, entertainment (direct access to downtown DC and National Harbor) and several major commuter corridors, the property is ideally positioned with a clear path to long term stabilization.