Renaissance Apartments 3320-3322 Wheeler Rd SE 108 Unit Block of Flats £15,210,579 (£140,839/Unit) Washington, DC 20032



INVESTMENT HIGHLIGHTS
- Gated Community
- Major Property Renovations
- Fully Renovated Units
EXECUTIVE SUMMARY
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 two-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.
PROPERTY FACTS
Price | £15,210,579 |
Price Per Unit | £140,839 |
Sale Type | Investment |
Gross Rent Multiplier | 12.48 |
No. Units | 108 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 3.97 AC |
Building Size | 107,343 SF |
Average Occupancy | 81% |
Number of Floors | 3 |
Year Built/Renovated | 1964/2023 |
Parking Ratio | 1.02/1,000 SF |
Opportunity Zone |
Yes |
UNIT AMENITIES
- Balcony
- Dishwasher
- Heating
- Kitchen
- Fridge
- Window Blinds
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- On-Site Maintenance
- Public Transportation
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 12 | £729.57 | 675 - 780 |
2+1 | 33 | £1,120 | 780 |
3+1 | 60 | £1,355 | 780 - 890 |
4+1 | 3 | - | 890 |
1 of 1
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £2,388,435 | |
Land Assessment | £4,029,275 | Total Assessment | £6,417,710 |
ZONING
Zoning Code | R-2 (Residential) |