1701 E St NE - Apartments FOR SALE


Washington, DC 20002
$3,325,000 USD
202-270-6368
1701 E St NE, Washington, DC for Sale
$3,325,000 USD
Apartments - FOR SALE
1/31
null | 6.74% Cap Rate

1701 E St NE
Washington, DC 20002


HIGHLIGHTS

  • Corner Property
  • 6 - 3 Bedroom Units
  • Walkable Location
  • Off-street Parking
  • TOPA Cleared

OVERVIEW

Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged.

FOR SALE DETAILS

PRICE

$3,325,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

6

PRICE/UNIT

$554,167

CAP RATE

6.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Apartment Building | Capitol Hill (DC)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,111 SF

ZONING

RF-1

APN/PARCEL ID

4546-0139

ASK ABOUT THIS PROPERTY

Peter GrimmBerkshire Hathaway PenFed RealtyMore Info
202-270-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Peter GrimmBerkshire Hathaway PenFed RealtyMore Info
202-270-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.