Caroline Drive Apartments 310 Caroline Ave
52 Unit Apartment Building For Sale La Plata, MD 20646
INVESTMENT HIGHLIGHTS
- Approximately $1.5 million in both interior and exterior capital improvements
- Direct access to US-301(Crain highway) Major north-south route leading from Richmond, VA to Crofton, MD
- Proven track record and strong rent growth
- Charles County was named a "Top 100 Place to Live" by U.S. News & World Report
- Charles County is the second fastest growing county in Maryland
EXECUTIVE SUMMARY
Caroline Drive Apartments is a 52-unit garden apartment community located in one of Maryland's fastest growing counties. Situated in Charles County, residents can enjoy a unique suburban lifestyle with a multitude of nearby amenities, abundant employment opportunities, and convenient access to the greater Washington, DC region. Despite the rapid growth of Charles County, La Plata maintains a beautiful "small town" setting, making Caroline Dive an attractive investment opportunity with potential for future growth.
For additional details: www.cbredealflow-carolinedrive.com
For additional details: www.cbredealflow-carolinedrive.com
PROPERTY FACTS
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 51,576 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.07/1,000 SF |
UNIT AMENITIES
- Balcony
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Range
- Patio
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 700 - 750 |
| 2+1 | 26 | - | 900 |
| 3+1 | 4 | - | 1,100 |
| 3+1.5 | 4 | - | 1,125 |
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PROPERTY TAXES
| Parcel Number | 01-002074 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,832,533 |
ZONING
| Zoning Code | R10 |
