2822 28th St SE - Apartments FOR SALE


Washington, DC 20020- Anacostia
$1,500,000 USD
202-910-8831
2822 28th St SE, Washington, DC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/55
null | 9% Cap Rate

2822 28th St SE
Washington, DC 20020
Anacostia


HIGHLIGHTS

  • Renovated Units with all Hardwood Flooring
  • Lots of Natural Light and On-site Parking
  • Local Parks and Recreational Facilities

OVERVIEW

Introducing an exceptional investment opportunity in Washington, DC! Welcome to 2822 28th Street, SE a charming multifamily property with six units, located in the sought-after area of Washington, DC. This well-maintained building, constructed in 1943, boasts a total of 4,658 square feet and sits on a land area of 4,481 square feet. Featuring a mix of spacious 1 and 2-bedroom units, the property offers a lucrative investment with a projected cap rate of 8.11%. With a market cap rate of 5%, this property presents a compelling opportunity for investors seeking stable returns. The units are projected to yield an annual total income of $169,800. This property is not just a place to live but also a savvy investment choice in a prime location. Residents will enjoy the added convenience of three dedicated parking spaces. Ideally located, this property is just steps from the lush expanses of Dupont Park and the scenic beauty of Hillcrest Garden, making it perfect for outdoor enthusiasts. For the active nature lovers, the proximity to the George Washington Carver Nature Trail offers a tranquil escape into the area's natural beauty. The Anacostia Neighborhood Library, with its wealth of resources and community programs, is also nearby. Whether you're an investor aiming to expand your portfolio or seeking a multifamily property with strong income potential, this apartment building provides an unparalleled opportunity. Don't miss the chance to own and add a valuable asset to your portfolio in the vibrant DC market!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

9%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1943

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,929 SF

ZONING

RA-1

APN/PARCEL ID

5729W-0006

ASK ABOUT THIS PROPERTY

Kalonji ForemanCompassMore Info
202-910-8831

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Kalonji ForemanCompassMore Info
202-910-8831

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