Andrews Ridge Apartments

Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to present an opportunity to acquire Andrews Ridge, a 492-unit garden-style apartment community located in Hillcrest Heights, Maryland. Andrews Ridge was constructed in 1965 with significant renovations completed from 2011 to 2014. This extremely well-maintained apartment community presents investors with an extraordinary opportunity to acquire a stable, cash flowing asset with tremendous value-add potential situated in a prime location inside the I-495/I-95 Capital Beltway near the Joint Base Andrews region of Prince George’s County.

The Property is situated in a prime location within the high barrier of entry Andrews submarket that witnessed overall rent growth of 8.8% during 2022 with 4.6% annual effective rent growth over 5 year period since March 2017 according to the Delta Associates First Quarter 2022 Class B Apartment Market Report.

• Property Type : Multi-Family
• Class : C
• Listing Size : 505,560
• Year Renovated : 2014
• Year Built : 1965
• Stories : 3
• Typical Floor Size : 85,716