Richman Apartments 3424-3425 11th Pl SE

Horvath & Tremblay is pleased to present the exclusive sale of Richman Apartments, a 41-unit multifamily community in the Congress Heights neighborhood of Southeast Washington, DC (the “Property”). Richman Apartments is within close proximity to the Congress Heights (0.4 miles) and Southern Avenue (1.4 miles) Metro Stations, The Shops at Park Village (a 111,000 square foot Giant Food anchored shopping center), United Medical Center, US Coast Guard Headquarters, and the Joint Base Anacostia-Bolling, a 1,018-acre military base that is designed to support the 17,000 military and civilian members it serves in the National Capital Region. Additionally, the Property is a short walk from the St. Elizabeths Campus (East and West), both of which are being extensively redeveloped. Richman Apartments consists of approximately 39,794 gross square feet within two adjacent three-story plus basement brick multifamily buildings. The Property contains forty-one (41) residential units comprised of fourteen (14) one-bedroom units, twenty-one (21) two-bedroom units and six (6) three-bedroom units on a combined 1.02-acres of land (44,484 square feet). The well-maintained buildings offer an on-site laundry facility, a private setting with attractive green space, a perimeter fence, and onsite parking. Also, the building’s location in northern part of Congress Heights, a neighborhood that is undergoing significant redevelopment, will consistently drive rental income and demand and cause the asset to serve as a strong, stable investment for years to come.