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5005-5011 Bass Pl SE
Washington, DC 20019
Bass Place Apartment Homes · Multifamily Property For Sale
·
32 Units
Investment Highlights
- Optimal unit mix for submarket demand
- In-place rents aligned with submarket on a per unit basis
- Stable workforce housing fundamentals
- REO sale of property with stable operations
- Proximity to Benning Road Metro
- Operations-driven value creation
Executive Summary
Bass Place Apartments is a lender-owned, 32-unit multifamily asset located in the Marshall Heights neighborhood of Southeast DC. The property was recently renovated, is ideally operated within a gated, controlled-access entry, and features 7 one-bedroom units, 19 two-bedroom units, and 6 three-bedroom units, with an average unit size of 876 square feet and in-place rents averaging $1,485 per unit.
Property Facts
| Sale Type | Investment | Lot Size | 0.73 AC |
| Sale Condition | REO Sale | Building Size | 31,261 SF |
| No. Units | 32 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 0.58/1,000 SF |
| Building Class | C | ||
| Zoning | R-3 - Allows for attached rowhouses on small lots and row dwellings mingled with detached, semidetached, and groupings of three or more row dwellings | ||
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 31,261 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2019 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | R-3 - Allows for attached rowhouses on small lots and row dwellings mingled with detached, semidetached, and groupings of three or more row dwellings |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
Site Amenities
- Controlled Access
- Clubhouse
- Laundry Facilities
- Playground
- Gated
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,180 | 597 |
| 2+1 | 19 | $1,496 | 924 |
| 3+1 | 6 | $1,806 | 1,047 - 1,074 |
Property Taxes
| Parcel Number | 5324-0039 | Improvements Assessment | $1,357,280 |
| Land Assessment | $1,291,520 | Total Assessment | $2,648,800 |
Property Taxes
Parcel Number
5324-0039
Land Assessment
$1,291,520
Improvements Assessment
$1,357,280
Total Assessment
$2,648,800
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