2117 M St NE - Apartments FOR SALE


Washington, DC 20002
$1,399,000 USD
202-257-2456
2117 M St NE, Washington, DC for Sale
$1,399,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2117 M St NE
Washington, DC 20002


HIGHLIGHTS

  • Prime investment opportunity in the vibrant heart of Washington, DC.
  • Remarkable 17 Unit Condo Conversion Delivered with plans and permits.
  • Construction cost estimated between $1.1-$1.2M
  • Projected out-sale can range from $4.2M - $4.5M.
  • Gross Rental Potential $408K.
  • ARV based on $525/SF - $600/SF

OVERVIEW

• Prime investment opportunity in the vibrant heart of Washington, DC. • Remarkable 17 Unit Condo Conversion Delivered with plans and permits. • Construction cost estimated between $1.1-$1.2M. • Projected out-sale can range from $4.2M - $4.5M. • Gross Building Area 7,322 SF • Gross Rental Potential $408K. • ARV based on $525/SF - $600/SF •14 One Bedroom; 2 One bedroom with private terrace; 1 penthouse with 2 bedrooms and a private terrace. • 4 parking spaces. • Plans prepared by R. MICHAEL CROSS DESIGN GROUP. Their focus is multifamily condo conversion. • This project is shovel ready with all permits and plans in place.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

5

PRICE/UNIT

$279,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RA-2

APN/PARCEL ID

PAR-0151-0088

ASK ABOUT THIS PROPERTY

Oyku HannaVerity Commercial, LLCMore Info
202-257-2456

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Oyku HannaVerity Commercial, LLCMore Info
202-257-2456

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