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1740 Q St NW

6 Unit Block of Flats £1,604,023 (£267,337/Unit) 4.15% Net Initial Yield Washington, DC 20009

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Executive Summary

Completely remodeled in 2020, carries extremely low operating expenses.
Zero vacancy loss with rents below market, huge opportunity to drive income.
Rarely available Dupont Circle location on terrific block.

OM - 1740 Q - 2024 copy

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£93,453	£27.17
Other Income	£4,695	£1.36
Vacancy Loss	-	-
Effective Gross Income	£98,147	£28.53
Taxes	£10,504	£3.05
Operating Expenses	£14,084	£4.09
Total Expenses	£24,588	£7.15
Net Operating Income	£73,560	£21.38

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£93,453
Annual Per SF	£27.17

Other Income
Annual	£4,695
Annual Per SF	£1.36

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£98,147
Annual Per SF	£28.53

Taxes
Annual	£10,504
Annual Per SF	£3.05

Operating Expenses
Annual	£14,084
Annual Per SF	£4.09

Total Expenses
Annual	£24,588
Annual Per SF	£7.15

Net Operating Income
Annual	£73,560
Annual Per SF	£21.38

Property Facts

Price	£1,604,023	Apartment Style	Garden
Price Per Unit	£267,337	Building Class	C
Sale Type	Investment	Lot Size	0.04 AC
Net Initial Yield	4.15%	Building Size	3,440 SF
Gross Rent Multiplier	17	Average Occupancy	100%
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built	1910
Property Subtype	Apartment	Parking Ratio	0.58/1,000 SF

Price	£1,604,023
Price Per Unit	£267,337
Sale Type	Investment
Net Initial Yield	4.15%
Gross Rent Multiplier	17
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.04 AC
Building Size	3,440 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1910
Parking Ratio	0.58/1,000 SF