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1115 M St NW

5 Unit Block of Flats £1,916,220 (£383,244/Unit) Washington, DC 20005

Investment Highlights

  • Ideal location
  • Open plan with exposed brick
  • Ample natural light

Executive Summary

This 5 unit apartment building exudes modern updates and historic charm, offering a rare opportunity to own a piece of DC's vibrant Logan Circle neighborhood. Boasting exposed brick walls and a renovated entryway / lobby, this building features five units with the potential for even greater rental income. Step inside to discover 4 one-bedroom apartment units and 1 two bedroom, each showcasing hardwood floors and an open floor plan that maximizes space and natural light. Each unit features it's own outdoor space and in-unit washer/dryers. Unit 2 boasts a massive private patio, while Unit 5 offers a sprawling rooftop deck. The basement, currently used for owner storage, presents endless possibilities – whether it's converting it into a sixth rental unit or reattaching it to Unit 1 for increased rental income, the potential for revenue growth is limitless. Situated in the heart of DC, this building offers unparalleled access to the city's best dining, shopping, and entertainment. With its ideal location and charming character, this property represents a unique investment opportunity not to be missed.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,916,220
Price Per Unit £383,244
Sale Type Investment
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.04 AC
Building Size 4,672 SF
Average Occupancy 100%
Number of Floors 4
Year Built 1870

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Wooden Floors
  • Oven
  • Stainless Steel Appliances
  • Deck
  • Window Coverings

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 - -
2+2 1 - -
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0314-0042
Land Assessment
£836,204 (2023)
Improvements Assessment
£667,101 (2023)
Total Assessment
£1,503,306 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code RA-5 (Intended to provide for areas developed with predominantly moderate- and medium-density rowhouses and apartments.)
RA-5 (Intended to provide for areas developed with predominantly moderate- and medium-density rowhouses and apartments.)
  • Listing ID: 32247554

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: 1115 M St NW, Washington, DC 20005

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