Listed by Marcus & Millichap - Washington, D.C.
Unpriced
Bass Place Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 31,261
Units 18
Occupancy 90.6%
Class C
Year Built 1966
Year Renovated 2019
Buildings 1
Lot Size (SqFt) 32,000
Zoning R-3
Parking Spaces 18 spaces
Parking Per SqFt 0.58
REO Sale of a 32-Unit Recently Renovated Multifamily Asset in Marshall Heights, SE DC
Marketing description
Bass Place Apartments is a lender-owned, 32-unit multifamily asset located in the Marshall Heights neighborhood of Southeast DC. The property was recently renovated, is ideally operated within a gated, controlled-access entry, and features 7 one-bedroom units, 19 two-bedroom units, and 6 three-bedroom units, with an average unit size of 876 square feet and in-place rents averaging $1,485 per unit.
Investment highlights
- Optimal unit mix for submarket demand
- REO sale of property with stable operations
- In-place rents aligned with submarket on a per unit basis
- Proximity to Benning Road Metro
- Stable workforce housing fundamentals
- Operations-driven value creation
- Well-maintained asset with recent renovations
- Gated community enhancing security and leasing appeal
- Accessible residential location with nearby retail corridors
Listing Contacts
Listed by Marcus & Millichap - Washington, D.C.
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