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Multifamily

Mount Vernon Apartments

Alexandria, VA

184 Units

Built in 1964

Value Add

Investment Highlights

  • ESTABLISHED 184 UNIT COMMUNITY - strategically located near Fort Belvoir, Inova Mount Vernon Hospital, Old Town Alexandria, and the Richmond Highway retail corridor
  • BELOW-MARKET ASSUMABLE FINANCING AT 2.99% - provides future ownership with a favorable cost-of-capital advantage relative to prevailing acquisition financing
  • MEANINGFUL MARK-TO-MARKET OPPORTUNITY - rents trail nearby comparable properties by $200+, providing future ownership with embedded revenue upside

Exclusively listed by

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP102482

  • Bob Dean

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3772

    rdean@ipausa.com

    Washington, D.C., MD

    License(s): MD: 5013691, DC: SP98377025, VA: 0225262193

Broker of Record

Brian Hosey

Senior Managing Director, Market Leader- Mid-Atlantic

(202) 536-3700

License(s): VA: 0225247494

Virginia

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