3427 13th St NW - Apartments FOR SALE


Washington, DC 20010- Columbia Heights DC
$4,125,000 USD
240-444-4656
3427 13th St NW, Washington, DC for Sale
$4,125,000 USD
Apartments - FOR SALE
1/12
null | 7.13% Cap Rate

3427 13th St NW
Washington, DC 20010
Columbia Heights DC


HIGHLIGHTS

  • Opportunity to Acquire an Expertly Maintained Multifamily Asset in NW Washington, DC
  • Ability to Lease Up Property and Increase Rents in Accordance with DC Rent Control Regulations
  • Excellent Location in Columbia Heights, One of DC's Most Vibrant and Transit-Oriented Neighborhoods

OVERVIEW

Harbor Stone Advisors is pleased to present Tivoli Place, an expertly maintained multifamily asset in NW Washington, DC. Located in the desirable Columbia Heights neighborhood, residents of Tivoli Place are just steps away from retail, dining, and nightlife. The property features 16 spacious units with a mix of (1) Efficiency, (5) 1 Br-1 Ba, (8) 2 Br-1 Ba, and (2) 2 Br-2 Ba. Typical unit interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring. There is also a laundry facility on-site, four surface parking spaces, and ten units have a private patio/balcony. The opportunity exists for a new owner to stabilize the property as it is currently 50% occupied, and lease the vacant units up to a 10% max increase over the prior rents in accordance with DC rent control regulations.

FOR SALE DETAILS

PRICE

$4,125,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

16

PRICE/UNIT

$257,813

CAP RATE

7.13%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tivoli Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,578 SF

ZONING

RF-1

APN/PARCEL ID

2839-0827

ASK ABOUT THIS PROPERTY

Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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