301-896-9070
8150 Lakecrest Dr, Greenbelt, MD for Sale
Apartments - FOR SALE
1/64
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8150 Lakecrest Dr
Greenbelt, MD 20770


OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

178

CAP RATE

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% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charlestowne North

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1965

PARKING SPACES

224

LAND DETAILS

LAND ACRES

5.52 AC

LAND SF

240,451 SF

ZONING

RMF20

APN/PARCEL ID

21-2294742

ASK ABOUT THIS PROPERTY

Robin WilliamsTranswestern Real Estate ServicesMore Info
301-896-9070

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Robin WilliamsTranswestern Real Estate ServicesMore Info
301-896-9070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.