5504 7th St NW - Apartments FOR SALE
Washington, DC 20011 |
5504 7th St NW
Washington, DC 20011
HIGHLIGHTS
- Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
- Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
- The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
- With the exception of unit 701, all tenants have been in place for five years or greater
- Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
- Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Carolina Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5627
STORIES
2
YEAR BUILT
2009
PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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