3320-3322 Wheeler Rd SE - Apartments FOR SALE


Washington, DC 20032- Congress Heights
$19,900,000 USD
703-593-6976
3320-3322 Wheeler Rd SE, Washington, DC for Sale
$19,900,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

3320-3322 Wheeler Rd SE
Washington, DC 20032
Congress Heights


HIGHLIGHTS

  • Gated Community
  • Fully Renovated Units
  • Major Property Renovations

OVERVIEW

108-unit apartment community composed of 9 buildings located at Wheeler Rd SE and 10th Pl SE in Washington, D.C. This community is conveniently located within a mile of Congress Heights metro, walking distance to Harris Teeter and near the Joint Base Anacostia-Bolling Air Force Base, Washington Navy Yard and MGM National Harbor. This multifamily asset consists of 12 one-bedroom, one-bathroom units, 33 two-bedroom, one-bathroom units, 60 three-bedroom, one-bathroom units and 3 four-bedroom, 1-bathroom unit many of which are under a tenant-based voucher programs such as HCVP, GWUL and Pathway to Housing DC, ensuring strong collections and predictable income. The property presents interior and exterior renovations within the last two years which include: mechanical, electrical and major plumbing upgrades, newer windows, newer doors and kitchen cabinets, newer flooring, updated appliances, sewer upgrades, 42 security cameras and laundry room upgrades. Laundry rooms in every building, 70 units have been fully renovated from 2023- 2025, exterior of all buildings has been painted and solar panels have recently been installed under the Sustainable DC initiative program.

FOR SALE DETAILS

PRICE

$19,900,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

108

PRICE/UNIT

$184,259

CAP RATE

Request Cap Rate

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renaissance Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

110

LAND DETAILS

LAND ACRES

3.97 AC

LAND SF

172,990 SF

ZONING

R-2

APN/PARCEL ID

5939-0015,5939-0016,5939-0017,5939-0018,5939-0019,5939-0020

ASK ABOUT THIS PROPERTY

Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

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Sofia PellegrinoSamson PropertiesMore Info
703-593-6976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.