1115 M St NW
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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 | Building Class | B |
Price Per Unit | £383,244 | Lot Size | 0.04 AC |
Sale Type | Investment | Building Size | 4,672 SF |
No. Units | 5 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 4 |
Property Subtype | Apartment | Year Built | 1870 |
Apartment Style | Mid Rise |
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 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
Parcel Number | 0314-0042 | Total Assessment | £1,503,306 (2023) |
Land Assessment | £836,204 (2023) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £667,101 (2023) | Tax Year | 2024 |
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.) |
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1115 M St NW
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