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.

ATTACHMENTS

Survey

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
Transit Score®
Excellent Transit (75)

PROPERTY TAXES

ZONING

Zoning Code R-2 (Residential)
  • Listing ID: 35337381

  • Date on Market: 01/04/2025

  • Last Updated:

  • Address: 3320-3322 Wheeler Rd SE, Washington, DC 20032