Briercrest Heights Apartments

Investment Overview

This investment is a core-plus value-add opportunity. It is a well positioned investment with strong in-place cash flow in the Frederick, Maryland submarket, a market known for its vibrancy and strong economic growth. This well maintained 22,272 square foot property was built in 1973 and offers twenty-four units with convenient access to major commuter routes. The property has strong bones with clear investment upside through a combination increasing the below-market in-place rents and unit and common area upgrades making it a great value-add investment. Its location along the Route 340 corridor provides efficient access to Frederick and the broader Washington, D.C. and Northern Virginia markets, enhancing its appeal to renters and investors alike. With its strong unit count, and strategic access to a growing regional market, this property presents an attractive prospect for investors looking to capitalize on rising demand for quality multifamily housing in Frederick County.

Investment Highlights

• Value-add investment opportunity
• In-place cash flow
• Rent growth opportunity
• Strong occupancy history
• 24 units
• Picturesque rural setting