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Ashton Heights 3901 Suitland Rd 284 Unit Apartment Building For Sale Suitland, MD 20746
Executive Summary
Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to offer an opportunity to acquire Ashton Heights (the “Property”), a 284-unit high-rise with superior “value - add” opportunities ideally situated in the Suitland submarket in the Washington, D.C. metro area. The convenient location adjacent to the Washington, D.C. – Maryland Border, with close proximity and connectivity to Pennsylvania Avenue, Suitland Parkway, the Suitland and Naylor Road METRO Stations, and The Capital Beltway (I-495/ I-95) offers residents convenient access to employment centers throughout Washington, D.C.,Maryland and Virginia.Ashton Heights is a rare high-rise apartment community with recent high-cost capital improvements completed to prepare the asset for sale including unit renovations, elevator replacement, HVAC upgrades to include plumbing, as well as common area and amenity improvements.
Property Facts
| Sale Type | Investment | Lot Size | 5.87 AC |
| No. Units | 284 | Building Size | 275,938 SF |
| Property Type | Multifamily | No. Stories | 15 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Hi-Rise | Parking Ratio | 1.28/1,000 SF |
| Building Class | B | ||
| Zoning | R10, County | ||
| Sale Type | Investment |
| No. Units | 284 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 5.87 AC |
| Building Size | 275,938 SF |
| No. Stories | 15 |
| Year Built | 1970 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R10, County |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Views
- Walk-In Closets
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Gated
- Doorman
- Grill
- Laundry Service
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 690 - 727 |
| 2+1 | 200 | - | 943 |
| 3+1.5 | 55 | - | 1,157 - 1,301 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-0455618 | Improvements Assessment | $45,856,746 CAD |
| Land Assessment | $1,782,588 CAD | Total Assessment | $47,639,334 CAD |
Property Taxes
Parcel Number
06-0455618
Land Assessment
$1,782,588 CAD
Improvements Assessment
$45,856,746 CAD
Total Assessment
$47,639,334 CAD
Contacts
-
Robin Williams -
Dean Sigmon -
Michael D'Amelio -
Transwestern Real Estate Services
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Ashton Heights | 3901 Suitland Rd
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