The Apartments of Oxford

Unique, Middle-Market Investment Opportunity in St. Mary’s County

• Unit mix consists of (36) large, 950 SF 2 Br -1.5 Ba units

• 28% of tenant base is subsidized, providing certainty of rental income
• Typical unit features include white appliances, formica countertops, wood cabinets, and laminate/carpet/tile flooring

Ability to Create Value and Increase Rents Via a Renovation Program

• Current ownership renovated 5 units between 2024-2025 with a scope of stainless steel appliances, new cabinets, resurfaced countertops, updated bathrooms, and LVT flooring

• Renovated units are averaging $2,000/mo, which is $316 higher than the average classic unit rent

• Opportunity exists for a new owner to continue this renovation on the remaining 31 units
• Comparable properties nearby are achieving rents at least $200 higher on average than the Subject property

Excellent Location in Lexington Park, One of the Fastest Growing Micropolitans in the Country

• Located less than 1 mile away from the top employer in St. Mary’s County: Naval Air Station Patuxent River
• Major area employers nearby: Naval Air Station Patuxent River, MedStar St. Mary’s Hospital, Lockheed Martin, Boeing
• Major area colleges nearby: St. Mary’s College of Maryland, College of Southern Maryland, USM Southern Maryland, and Harry Lundeburg School of Seamanship

AREA SPOTLIGHT: Lexington Park

The Apartments of Oxford are located in Lexington Park within St. Mary’s County, Maryland. Lexington Park offers residents convenient access to major employment centers, retail, and key institutions within St. Mary’s County.

Proximity to Naval Air Station Patuxent River (NAS PAX)

The property is situated just three miles from Naval Air Station Patuxent River (NAS PAX), the largest employer in St. Mary’s County, with over 25,000 personnel. NAS PAX serves as the headquarters for the Naval Air Systems Command (NAVAIR) and the Naval Air Warfare Center Aircraft Division (NAWCAD), making it the center of U.S. naval aviation research, development, testing, and evaluation. Every aircraft and aviation system used by the Navy is tested and refined here. NAS PAX is home to a highly educated workforce and supports over 200 companies in aviation, defense, and advanced manufacturing.

Access to Higher Education & Workforce Training

St. Mary’s College of Maryland, a top-ranked public liberal arts college, is just a 10-minute drive from the property and is known for its strong science and technology programs. The college is the third-largest public employer in the county with more than 550 employees.

Other higher education employers include The University System of Maryland at Southern Maryland (USMSM) offers graduate and professional programs in engineering, cybersecurity, and technology fields. The College of Southern Maryland (CSM) provides workforce training programs and degree pathways in STEM and business.

Convenient Regional Access

The Apartments of Oxford offer excellent connectivity to key employment centers and metropolitan areas. The property is within a 90-minute drive to Washington, D.C., less than two hours to Baltimore, 90 minutes to Annapolis, and two hours to Richmond.