1823-1825 E Capitol St SE - Apartments FOR SALE


Washington, DC 20003- Hill East
$2,400,000 USD
202-221-8426
1823-1825 E Capitol St SE, Washington, DC for Sale
$2,400,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1823-1825 E Capitol St SE
Washington, DC 20003
Hill East


HIGHLIGHTS

  • High Physical Vacancy & Renovation Upside
  • Location in the Path of Development
  • Metro-Centric Location with Strong Transportation Hubs
  • Favorable Unit Mix
  • Off-Street Parking & Additional Income Potential
  • Separately Metered Utilities - Tenants Responsibile

OVERVIEW

Horvath & Tremblay is proud to present an exceptional investment opportunity with the sale of 1823-1825 E Capitol Street SE (the “Property”), a 12-unit multifamily community located east of Capitol Hill, adjacent to RFK Stadium in the Hill East neighborhood of Washington, DC. The Property is separately metered for gas and electric, which is the responsibility of the tenants. With a current vacancy of 75%, a unit mix of all two-bedroom units, and with a number of major capital improvements already completed, an investor can expect strong cash-flow potential Day 1. The asset is situated in one of DC’s most stable rental markets while ideally positioned next to several recently-built mixed-use developments, the Stadium-Armory Metro, and the soon-to-be-redeveloped site that includes RFK Stadium, and potential future home of the Washington Commanders. This is a tremendous opportunity ideal for an array of multifamily investors to acquire a light value-add asset with strong immediate returns near the blue-chip Capitol Hill neighborhood, while adjacent to exciting future mixed-use projects and public parks & amenities.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

RF-1

APN/PARCEL ID

1110-0088

ASK ABOUT THIS PROPERTY

Dennis CravediHorvath & TremblayMore Info
202-221-8426

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Dennis CravediHorvath & TremblayMore Info
202-221-8426

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