JLL, as exclusive agent, is pleased to present Ashton Woods, a low density 204-unit value-add garden style rental community located on more than 24 wooded acres in Ellicott City, Maryland.
Value-Add Potential – Ashton Woods offers investors a unique value-add opportunity in one of the most supply-constrained submarkets in the region. New ownership can renovate unit interiors with upgraded cabinetry, granite counter tops, stainless steel appliances, wood-look floors, and new lighting and plumbing fixtures. These renovations could achieve rental premiums ranging from $100-$175 while still offering a rental value relative to other quality communities in the area.
Excellent Regional Connectivity – Residents of Ashton Woods benefit from a central location within the Baltimore Washington Corridor which allows access to several of the region’s top employers via Route 29, I-95, Route 32, Route 100, and I-70.
Access to Top Employers – Some of the leading regional economic drivers, which are all less than 20 minutes from the Property, include: Baltimore-Washington International Airport, Fort Meade, National Security Agency (NSA), Social Security Administration, University of Maryland Baltimore County.
Favorable Demographics – Howard County has increased its population by approximately 34% in the last decade drawing a diverse, highly affluent, and well-educated demographic. More specifically, within a three-mile radius of Ashton Woods, there are nearly 91,000 residents with an average household income close to $125,000 – 62% of which have a bachelor’s degree or higher.
Top-ranked Public School System – Howard County is a highly ranked public school system serving over 50,000 students. Four of the county’s high schools were ranked on Newsweek’s list of America’s Top High Schools for 2016 and the county has a rating of 8 out of 10 on GreatSchools.org.