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Previous Description:
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 program such as HCPV, 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.
Updated Description:
Prime investment Opportunity in DC! Presenting a high-potential 108-unit multifamily community consisting of 9 garden-style buildings located at the intersection of Wheeler Rd SE and 10th Pl SE in the heart of Washington, D.C. This asset offers exceptional accessibility—just one mile from the Congress Heights Metro Station, within walking distance to Harris Teeter, and a short commute to Joint Base Anacostia-Bolling, the Washington Navy Yard, and MGM National Harbor. The unit mix is thoughtfully designed to meet strong rental demand, including: 12 one-bedroom, one-bath units, 33 two-bedroom, one-bath units, 60 three-bedroom, one-bath units and 3 four-bedroom, one-bath units.
A large portion of the community participates in tenant-based voucher programs such as HCVP, GWUL, and Pathways to Housing DC, providing stable occupancy and predictable cash flow. This asset has undergone significant capital improvements within the past two years, including major mechanical, electrical, and plumbing upgrades, newer windows, doors, and kitchen cabinetry, updated appliances and modern flooring, sewer line enhancements, installation of 42 high-definition security cameras and renovated laundry rooms in each building. Notably, 70 of the 108 units have been fully renovated between 2023–2025, and the exteriors of all buildings have been freshly painted. The community has also embraced sustainability, with solar panels installed as part of the Sustainable DC initiative, reducing operating costs and environmental impact. This is an exceptional investment prospect offering a blend of stability, recent improvements, and long-term upside in one of D.C.’s fastest-growing submarkets.
