831 Varnum St NE - Dormitory FOR SALE


Washington, DC 20017
$5,400,000 USD
301-459-4400
831 Varnum St NE, Washington, DC for Sale
$5,400,000 USD
Dormitory - FOR SALE
1/13
null | Request Cap Rate

831 Varnum St NE
Washington, DC 20017


HIGHLIGHTS

  • Special use - student housing, group home, or religious house
  • Excellent move-in ready condition.
  • Full commercial kitchen with walk-in refrigerator/freezer space.
  • Multiple (10+) offices, common areas, libraries, and storage rooms that could be utilized as additional bedrooms.

OVERVIEW

831 Varnum St NE, Washington, DC is a four-story, 18,616± SF building ideal for student housing, group home, or religious house. It boasts move-in ready condition, having been well maintained and recently renovated. Along with over 32 current bedrooms and offices, the property’s extensive amenities include a full commercial kitchen, group dining area with outdoor patio seating, existing chapel, various room layouts, multiple common areas and libraries, elevator service, excess land for parking expansion, backup power generator, and a full sprinkler system. This meticulously maintained property, with recent roof replacement and excess power capacity, presents an unparalleled opportunity for purchasers seeking a prestigious and versatile asset in a prime Washington DC location.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

29

PRICE/UNIT

$186,207

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Religious Multifamily Property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,765 SF

ZONING

RA-1

APN/PARCEL ID

3810-0135

ASK ABOUT THIS PROPERTY

Sally LudwigNAI The Michael Companies, Inc.More Info
301-459-4400

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Sally LudwigNAI The Michael Companies, Inc.More Info
301-459-4400

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