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1300 Congress St SE
Washington, DC 20032 Congress Heights

$1,750,000 USD

Apartments For Sale  •  9,344 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,344 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1954
  • Zoning RA-1
70 Transit Score
60 Walk Score

Highlights

14-Unit Multifamily Property Situated on a 0.16-Acre Parcel in Washington, D.C.
Attractive In-Place Returns with a Projected Year 1 CAP Rate of 8.87%
Value-Add Upside Through Lease-Up of Vacant Units and Rent Optimization
Substantial Renovation in 2011, and an Efficient Unit Mix Comprised Primarily of 2-Bedroom / 1-Bathroom Apartments, and 1BR and 3BR Units
Affordable Housing Profile Supporting Long-Term Tenant Demand
Well-Suited for Both Local and 1031 Exchange Investors Seeking Yield and Growth

Amenities

  • Air Conditioning
  • Fenced Lot
  • Laundry Facilities
  • Washer/Dryer
  • Gated
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Dining Room
  • Family Room
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.5 mi
Union Station (Red Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 14 min - 5.8 mi
Transit/SubwayDriveWalkDistance
Congress Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 2 min 6 min 0.3 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 20 min - 9.6 mi
Baltimore/Washington International Thurgood Marshall 52 min - 33.8 mi
Washington Dulles International 56 min - 33.9 mi
Paul Senior 240-475-1138 Marcus & Millichap
Paul Senior 240-475-1138 Marcus & Millichap