912 Kennedy St NW - Residential Income FOR SALE


Washington, DC 20011- Brightwood Park
$875,000 USD
202-318-6800
912 Kennedy St NW, Washington, DC for Sale
$875,000 USD
Residential Income - FOR SALE
1/5
null | Request Cap Rate

912 Kennedy St NW
Washington, DC 20011
Brightwood Park


HIGHLIGHTS

  • • Shovel Ready at Closing | Eliminates Entitlement Risks & Mitigates Carrying Costs
  • • 14 Proposed Units | 9 One-Bedroom Units & 5 Two-Bedroom Units
  • • High-Demand Condominium Market | Recent Outsales Exceeding $500 per SF
  • • Located in an Opportunity Zone which Offers Tax Benefits to Developers of Ground-Up Projects

OVERVIEW

Feldman Ruel is pleased to offer for sale 912 Kennedy Street NW, a 14-unit multifamily development site located in an Opportunity Zone. Proposed GBA: 12,167 SF. At closing, ownership will deliver to the purchaser all necessary approvals and permits to construct 14 multifamily units, thereby eliminating entitlement risk and significantly reducing carrying costs. Furthermore, ownership has invested more than $445,000 in pre-development costs for permits, demolition, underpinning, wet utility upgrades, insurance, excavation, and tree removal.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,257 SF

ZONING

MU-4

APN/PARCEL ID

2995-0074

ASK ABOUT THIS PROPERTY

Ian RuelFeldman RuelMore Info
202-318-6800

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

Ian RuelFeldman RuelMore Info
202-318-6800

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