Charlestowne North

Description
Details

Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to offer an opportunity to acquire Charlestowne North (the “Property”), a 178-unit high-rise with significant “value-add” opportunities ideally situated in the Greenbelt submarket in the Washington, DC metro area. The exceptional location known as a “hidden gem” overlooking a park-adjacent setting, with close proximity and connectivity to the capital beltway, I-95, and downtown Washington, DC, with major entertainment, employment and higher education centers in the area as well as to the Greenbelt Metro and MARC train station. Charlestowne North is currently owned by the lender and has had significant high-cost capital improvements completed to prepare the asset for sale including unit renovations, elevator modernization, HVAC upgrades to include plumbing, common area and amenity improvements.

Property Type : Multi-Family
Class : B
Listing Size : 229,210
Year Built : 1965
Stories : 8
Typical Floor Size : 28,651