80,000 SqFt
80,000 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 80,000 sqft
Price per Sqft $418
MLS Listing ID DCDC2155872
Originating Board BRIGHT
Year Built 2024
Tax Year 2023
Lot Size 0.550 Acres
Acres 0.55
Property Description
Attention, Multifamily Investors! Noble Group with eXp Realty is thrilled to present an exceptional investment opportunity—a prime multifamily portfolio for sale in Washington, D.C. This impressive portfolio comprises five multifamily properties, totaling 88 units and approximately 80,000 square feet, with a projected annual rental income of $2.5 million and delivery expected in early Fall 2024.
Strategically located in highly desirable areas of D.C., these properties offer remarkable flexibility. Whether you opt to continue operating them as high-performing rental units or convert them into condominiums, this portfolio is perfectly suited to a wide range of investment strategies.
Listed at $33,450,000, this opportunity promises substantial returns, backed by D.C.’s consistently increasing rental values. Invest in an area renowned for its sustained growth in both demand and property values. With a projected monthly net income of $2,568,000 and a capitalization rate of 7.68%, this portfolio offers a strong and compelling return on investment. Portfolio consists of 5 multifamily properties at 1916-1918 Benning NE, 313-317 Kennedy St NW, 1913 17th St SE, 1600 Good Hope Rd SE, 4521 Iowa Ave NW.
Location
State DC
County Washington
Zoning MU-4
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 2
Garage N
Building
Sewer Public Septic
Water Public
New Construction Y
Schools
Elementary Schools Truesdell
Middle Schools Whittier Education Campus
High Schools Coolidge Senior
School District District Of Columbia Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Bank Portfolio, Conventional
Listing Terms Cash, Bank Portfolio, Conventional
Financing Cash,Bank Portfolio,Conventional
Special Listing Condition Standard
