714 Sligo Ave Silver Spring, MD 20910

Listing agency Avison Young - Washington

Listed by Wes Boatwright · License #FL

Source Crexi

Added: Apr 11 Updated: Jul 21 at 5:54PM Checked: Jul 21 at 5:54PM

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Investment Insights

Based on property information with market context.

The portfolio consists of two 5-story apartment buildings originally constructed in 1960, offering a total of 107 apartment units and 119 surface parking spaces. Both properties have undergone significant capital improvements, including renovated kitchens and bathrooms, new mechanical systems, thermal windows, and elevator upgrades.

The properties are located at 714 Sligo Ave in Silver Spring, Maryland, and are presented as a combined acquisition opportunity under a single portfolio structure.

The current vacancy rate is 4.67%, and it has historically remained below 5%. Rental rates are described as substantially below market, and the offering highlights stabilized operations with value-add through rent increases.

Key Highlights

• Portfolio of two five‑story apartment buildings in Silver Spring, MD (Sligo House and Corona Apartments)
• Total of 107 apartment units and 119 surface parking spaces
• Originally built in 1960; both properties are maintained with capital improvements

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FAQs

What type of property is this?

Apartment building - Portfolio includes two five-story apartment buildings totaling 107 units and 119 surface parking spaces.

Where is this apartment building located?

The property is located at 714 Sligo Ave Silver Spring, MD.

What are key features of this property?

This property features: Portfolio of two five‑story apartment buildings in Silver Spring, MD (Sligo House and Corona Apartments); Total of 107 apartment units and 119 surface parking spaces; Originally built in 1960; both properties are maintained with capital improvements