2513-2515 22nd St NE - Apartments FOR SALE


Washington, DC 20018- Langdon
$950,000 USD
571-287-9987
2513-2515 22nd St NE, Washington, DC for Sale
$950,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

2513-2515 22nd St NE
Washington, DC 20018
Langdon


OVERVIEW

**Attention Investors: Deep Value-Add 6-Unit Multifamily Package** Discover the untapped potential of this 6-unit, two-building portfolio in Washington, D.C. While the property requires significant capital expenditure, it is priced to reflect a high-yield repositioning opportunity. **Current Status:** Five out of six units are occupied, generating a stable rental income **Opportunity:** One vacant unit offers the opportunity to immediately renovate. **Profit Driver:** There is a clear pathway to substantial rent increases through comprehensive cosmetic and system upgrades throughout the portfolio. The property is being sold AS-IS. Bring your vision, construction team, and value-add strategy to unlock significant equity in this prime investment opportunity.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

R-1B

APN/PARCEL ID

4255-0834,4255-0835

ASK ABOUT THIS PROPERTY

Abel GebremichaelCoalition Properties GroupMore Info
571-287-9987

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

Abel GebremichaelCoalition Properties GroupMore Info
571-287-9987

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