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Multifamily

Rochelle Hall Apartments

1971-1975 Rochell Ave, District Heights, MD 20747

Listing Price: $6,800,000

Cap Rate
3.40%
Occupancy
89.0%

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Rochelle Hall Apartments located in District Heights, Maryland. The property consists of 59 apartments total with 18 one-bedroom apartments, 34 two-bedroom apartments, and 7 three-bedroom apartments. Amenities include large floor plans, balconies, patios, onsite laundry, and onsite parking. District Heights is located in Prince George’s County, Maryland, a thriving suburb of Washington D.C. The neighborhood is comprised primarily of single-family houses and is home to several apartment buildings and a busy retail corridor along Marlboro Pike. The neighborhood is also home to District Heights Elementary School, which is located 0.3 miles from Rochelle Hall Apartments, and Bishop McNamara High School. The neighborhood experiences high rental demand due to its proximity to Washington D.C. and access to both the D.C. metro and Interstate-495. Rochelle Hall Apartments offers investors the opportunity to purchase a property in great condition, with significant operational-upside, at a reasonable price-per-apartment. The property has had above-average delinquency in the past twelve months as a result of the eviction moratorium and management inefficiencies. Stabilizing the property by reducing payroll, evicting delinquent tenants, and improving collections could dramatically improve the net operating income of the asset and provide exceptional returns to investors.

Investment Highlights

  • Operational Value-Add
  • 6.6% Year 1 Cap Rate
  • Strong Rental Market

Exclusively Listed By

Listing Price: $6,800,000

Cap Rate
3.40%
Occupancy
89.0%

Investment Highlights

  • Operational Value-Add
  • 6.6% Year 1 Cap Rate
  • Strong Rental Market

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Rochelle Hall Apartments located in District Heights, Maryland. The property consists of 59 apartments total with 18 one-bedroom apartments, 34 two-bedroom apartments, and 7 three-bedroom apartments. Amenities include large floor plans, balconies, patios, onsite laundry, and onsite parking. District Heights is located in Prince George’s County, Maryland, a thriving suburb of Washington D.C. The neighborhood is comprised primarily of single-family houses and is home to several apartment buildings and a busy retail corridor along Marlboro Pike. The neighborhood is also home to District Heights Elementary School, which is located 0.3 miles from Rochelle Hall Apartments, and Bishop McNamara High School. The neighborhood experiences high rental demand due to its proximity to Washington D.C. and access to both the D.C. metro and Interstate-495. Rochelle Hall Apartments offers investors the opportunity to purchase a property in great condition, with significant operational-upside, at a reasonable price-per-apartment. The property has had above-average delinquency in the past twelve months as a result of the eviction moratorium and management inefficiencies. Stabilizing the property by reducing payroll, evicting delinquent tenants, and improving collections could dramatically improve the net operating income of the asset and provide exceptional returns to investors.

Exclusively Listed By

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