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Apartments For Sale • 9,344 SF
| 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 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 4 (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) | 12 min | - | 5.3 mi |
| Union Station (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC), Camden Line - Maryland Area Regional Commuter Trains (The MARC), Fredericksburg Line - Maryland Area Regional Commuter Trains (The MARC), Manassas Line - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Red Line - Maryland Area Regional Commuter Trains (The MARC)) | 14 min | - | 5.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Congress Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) | 2 min | 6 min | 0.3 mi |
| Airport | Drive | Walk | Distance |
| Ronald Reagan Washington Ntl | 19 min | - | 9.3 mi |
| Baltimore/Washington International Thurgood Marshall | 52 min | - | 33.1 mi |
| Washington Dulles International | 56 min | - | 33.7 mi |
Paul Senior
Marcus & Millichap
Paul Senior
Marcus & Millichap
