Queenstown Apartments
Property Description
Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to offer an opportunity to acquire Queenstown Apartments (the “Property”), a 1062-unit garden-style Naturally Occurring Affordable Housing (NOAH) investment opportunity situated in a Qualified Census Tract (QCT) that has been owned by the same ownership group for over 45-years and is ideally situated in the Mount Rainier/Hyattsville MD-Washington, DC Corridor in Prince George’s County, Maryland. The Property benefits from significant in-place cash flow with excellent historical performance and has been well-maintained for many years by a predominant local investment firm with significant high-cost capital improvements completed. The asset is primed for several investment strategies including being preserved as high-quality workforce housing, a potential LIHTC conversion, or implementation of continued market-rate value add improvements allowing a new ownership group multiple business plan executions to create value.
Broker Details
Transwestern Commercial Services (703) 851-0126
Broker Details
Transwestern Commercial Services 301-896-9070
Broker Details
Transwestern Commercial Services (443) 823-9800
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 1 |
| Lot Size: | 792,165.00 Sq ft |
| Opportunity Zone: | No |
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