313-317 KENNEDY ST NW Active

Washington,DC 20011

$ 33450000

- Bed

- Bath

80000 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 80,000 sqft

Price per Sqft $418

MLS Listing ID DCDC2155872

Year Built 2024

Tax Year 2023

Lot Size 0.550 Acres

Property Description

Multifamily Portfolio Sale in DC!

Attention, Multifamily Investors! Noble Group with eXp Realty is thrilled to present an exceptional investment opportunity?a prime multifamily portfolio for sale in Washington, D.C. This impressive portfolio comprises five multifamily properties, totaling 88 units and approximately 80,000 square feet, with a projected annual rental income of $2.5 million and delivery expected in early Fall 2024.

Strategically located in highly desirable areas of D.C., these properties offer remarkable flexibility. Whether you opt to continue operating them as high-performing rental units or convert them into condominiums, this portfolio is perfectly suited to a wide range of investment strategies.

Listed at $33,450,000, this opportunity promises substantial returns, backed by D.C.?s consistently increasing rental values. Invest in an area renowned for its sustained growth in both demand and property values. With a projected monthly net income of $2,568,000 and a capitalization rate of 7.68%, this portfolio offers a strong and compelling return on investment. Portfolio consists of 5 multifamily properties at 1916-1918 Benning NE, 313-317 Kennedy St NW, 1913 17th St SE, 1600 Good Hope Rd SE, 4521 Iowa Ave NW.

Location

State DC

County Washington

Zoning MU-4

Interior

Hot Water Electric

Cooling Central A/C

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Building

Sewer Public Septic

Water Public

New Construction Y

Schools

Elementary Schools Truesdell

Middle Schools Whittier Education Campus

High Schools Coolidge Senior

School District District Of Columbia Public Schools

Others

Acceptable Financing Cash,Bank Portfolio,Conventional

Listing Terms Cash,Bank Portfolio,Conventional

Special Listing Condition Standard

View More
Favorite Go Tour