1737 Church St NW 2 Unit Apartment Building Offered at £1,987,312 at a 6.46% Net Initial Yield in Washington, DC 20036
INVESTMENT HIGHLIGHTS
- Seller is willing to pay $14,000/mo, which is above market - market would be about $10k/mo - provides a 6.46% return!
- Tenant to pay all real estate taxes, all utilities and routine maintenance
EXECUTIVE SUMMARY
Exclusive Sale-Leaseback Opportunity – Luxury, Turnkey Investment
A rare opportunity to acquire a luxury property in Dupont Circle with a long-term, above-market leaseback ensuring strong, stable cash flow from day one. This fully renovated, expanded luxury residence includes a 3-bedroom, 2.5-bath main home plus a 1-bedroom, 1-bath legal rental unit, offering 2,700+ SF of living space and private parking for 2-3 cars.
The current owners, who completed an extensive high-end renovation (2017-2019) with top-tier DC design-build firm ThinkMakeBuild and renowned local architect John Hensley, seek a long-term leaseback of up to 10 years, offering an investor both above-market returns and nearly zero management responsibilities.
A rare opportunity to acquire a luxury property in Dupont Circle with a long-term, above-market leaseback ensuring strong, stable cash flow from day one. This fully renovated, expanded luxury residence includes a 3-bedroom, 2.5-bath main home plus a 1-bedroom, 1-bath legal rental unit, offering 2,700+ SF of living space and private parking for 2-3 cars.
The current owners, who completed an extensive high-end renovation (2017-2019) with top-tier DC design-build firm ThinkMakeBuild and renowned local architect John Hensley, seek a long-term leaseback of up to 10 years, offering an investor both above-market returns and nearly zero management responsibilities.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | £1,987,312 |
| Price Per Unit | £993,656 |
| Sale Type | Investment |
| Net Initial Yield | 6.46% |
| Sale Condition | Sale & Leaseback |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Town house |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built/Renovated | 1909/2019 |
| Parking Ratio | 0.74/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | 2,000 |
| 1+1 | 1 | - | 700 |
1 of 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 0156-0343 | Improvements Assessment | £727,180 (2024) |
| Land Assessment | £557,342 (2024) | Total Assessment | £1,284,522 (2024) |
