Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is… Read More almost $200,000, a 12.5% cap at the list price. The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars. The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's. Read Less
Courtesy of Stefan Rosu, Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
129
Last Updated
Property Type
Commercial
Square Ft.
14,481
Lot Size
0.37 Acres
Year Built
1963
MLS Number
DCDC2266890
Additional Details
Building
Built in 1963, Entry level: 1, Construction Materials: Brick
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