Baltimore, MD – Harbor Stone Advisors has been awarded the assignment to market Nottingham South and Ingleside Ridge, two well-maintained garden apartment communities in the Baltimore region. Harbor Stone Advisors President, Justin Verner, Director, Brooks Healy, Senior Advisor, Tom Wohlgemuth, and Advisor, Kevin Landolphi are marketing the property.
Nottingham South, located in Southwest Baltimore City, features 84 residential units and one commercial space leased through 2028. The property offers convenient access to I-70, I-695, and Route 40, with recent capital improvements including new windows, boiler overhauls, roof work, and renovated common areas. Upgraded interiors and optimized utility reimbursements present strong value-add potential, with nearby renovated communities achieving rents 20% higher on average.
Ingleside Ridge, a 40-unit garden apartment community in Woodlawn, Baltimore County, is less than a mile from the Social Security Administration headquarters. The property has undergone extensive renovations since 2018, with upgraded interiors, roofs, plumbing, parking lots, and upgrades of 75% of the units. Continued renovations on remaining units and the addition of in-unit washer/dryer hookups offer immediate upside potential.
Both located proximal to the Baltimore City-Baltimore County border, residents of the property enjoy the amenities of both city and suburban living. Both properties are within a short drive of plentiful retail and major county employers. Additionally, the properties are within a 20-minute drive of Downtown Baltimore, which hosts major employers such as T. Rowe Price and University of Maryland Baltimore.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com