Multifamily

The Highlander

2080 Rockrose Ave, Baltimore, MD 21211

Listing Price: $3,300,000

Cap Rate
6.81%
Number of Units
12
GRM
10.47
Occupancy
95.0%
Price/Unit
$275,000
Price/Gross SF
$256.07
Gross SF
12,887

Investment Overview

Marcus & Millichap is pleased to offer the Highlander Apartments. The Highlander Apartments represents a rare
opportunity for an investor to acquire a turn-key asset in the Woodberry neighborhood of NW Baltimore City. Consisting of 12 Two Bedroom and Two Bath units, with three unique floor plans, that are due to be delivered in December 2020. Built with the intention to provide the tenant with all the amenities they need, each unit comes with in-unit washer and dryers, stainless steel appliances, air conditioning, dishwasher, a parking space, as well as large balconies that offer stunning views of the Woodberry-Hampden community.
Located in close proximity with countless other historic Baltimore areas such as Roland Park, Cold Spring, and
Downtown Baltimore, Woodberry, along with the rest of the Northwest Baltimore, is a rapid growing area that gives potential investors a rare opportunity to acquire a turn-key asset in a highly sought-after neighborhood of Baltimore City.

Investment Highlights

  • New Build Delivering in December 2020
  • Large Two Bedroom/Two Bath Units with Balconies
  • Strong Rental Market
  • Building Transfers with High Performance Tax Credit

Exclusively Listed By

  • Stacey Milam

    Senior Vice President Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

  • Lynnci Barnes

    Associate

    Email Lynnci

    License(s): DC: SP98377939

    Washington, D.C.

  • Daniel Danesh

    Associate

    Email Daniel

    License(s): MD: 678302, DC: SP200203217

    Washington, D.C.

Listing Price: $3,300,000

Cap Rate
6.81%
Number of Units
12
GRM
10.47
Occupancy
95.0%
Price/Unit
$275,000
Price/Gross SF
$256.07
Gross SF
12,887

Investment Highlights

  • New Build Delivering in December 2020
  • Large Two Bedroom/Two Bath Units with Balconies
  • Strong Rental Market
  • Building Transfers with High Performance Tax Credit

Investment Overview

Marcus & Millichap is pleased to offer the Highlander Apartments. The Highlander Apartments represents a rare
opportunity for an investor to acquire a turn-key asset in the Woodberry neighborhood of NW Baltimore City. Consisting of 12 Two Bedroom and Two Bath units, with three unique floor plans, that are due to be delivered in December 2020. Built with the intention to provide the tenant with all the amenities they need, each unit comes with in-unit washer and dryers, stainless steel appliances, air conditioning, dishwasher, a parking space, as well as large balconies that offer stunning views of the Woodberry-Hampden community.
Located in close proximity with countless other historic Baltimore areas such as Roland Park, Cold Spring, and
Downtown Baltimore, Woodberry, along with the rest of the Northwest Baltimore, is a rapid growing area that gives potential investors a rare opportunity to acquire a turn-key asset in a highly sought-after neighborhood of Baltimore City.

Exclusively Listed By

  • Stacey Milam

    Senior Vice President Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

  • Lynnci Barnes

    Associate

    Email Lynnci

    License(s): DC: SP98377939

    Washington, D.C.

  • Daniel Danesh

    Associate

    Email Daniel

    License(s): MD: 678302, DC: SP200203217

    Washington, D.C.

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