4325 Kansas Ave NW - Apartments FOR SALE


Washington, DC 20011- Petworth
$1,850,000 USD
202-536-3705
4325 Kansas Ave NW, Washington, DC for Sale
$1,850,000 USD
Apartments - FOR SALE
1/4
null | 4.87% Cap Rate

4325 Kansas Ave NW
Washington, DC 20011
Petworth


HIGHLIGHTS

  • 17 minute drive to Ronald Reagan Washington International Airport
  • 5 minute drive to three different shopping centers
  • One block away from Petworth Library
  • Total population: 67,000 within a 1-mile radius

OVERVIEW

The Milam Group of Marcus & Millichap is pleased to offer for sale the Kansas Avenue Apartments located at 4325 Kansas Avenue NW in Washington, D.C. Constructed in 1965, this 9,120-square-foot property is situated on a 0.17-acre lot in the Petworth neighborhood. Its location provides excellent connectivity to US-29, facilitating easy access throughout the city. Petworth is known for its restaurants, local events, and key landmarks, including the Petworth Library, just one block away. There are three shopping centers within a five minute drive, and Ronald Reagan Washington National Airport is only 17 minutes away. This property offers several value-add opportunities for investors looking for potential growth. Currently, five units are vacant, providing immediate opportunities for renovation and repositioning to increase rental income. Additional revenue prospects include the implementation of a structured parking fee system and the installation of solar panels to improve long-term operational efficiency and cost savings. Future rent increases on the eight occupied units also provide opportunities for continued growth in net operating income. The property is being sold as-is, with all decisions regarding tenant additions and renovations left to the new ownership. Key areas that need improvement include the roof condition, windows, vacant units, and general building maintenance.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

17

PRICE/UNIT

$108,824

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,523 SF

ZONING

RF-1

APN/PARCEL ID

3023-0028

ASK ABOUT THIS PROPERTY

Stacey MilamMarcus & MillichapMore Info
202-536-3705

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Stacey MilamMarcus & MillichapMore Info
202-536-3705

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