615 Kennedy St NW - Apartments FOR SALE
Washington, DC 20011 |
615 Kennedy St NW
Washington, DC 20011
HIGHLIGHTS
- Brand-new construction in the Kennedy Street corridor within walking distance to Fort Totten.
- Six bi-level units, including two penthouse units with a rooftop deck and one unit with a deck.
- Condo-level finishes include granite countertops, stainless steel appliances, custom granite tops and much more.
- Buyer can achieve an NOI of approximately $219,283 in the first year and this investment also yields a 15.76% five-year levered return.
- Property sits in an Opportunity Zone and can be utilized for significant tax benefits under the federal program.
- Kennedy Street corridor is one of the most robust commercial strips in Washington, DC, with a multitude of large redevelopment projects underway.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
New Construction Boutique Multifamily Asset
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9931
STORIES
5
YEAR BUILT
2024
PARKING SPACES
2
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
3207-0075
