1823-1825 E Capitol St SE 12 Unit Block of Flats £1,809,216 (£150,768/Unit) Washington, DC 20003



INVESTMENT HIGHLIGHTS
- High Physical Vacancy & Renovation Upside
- Metro-Centric Location with Strong Transportation Hubs
- Off-Street Parking & Additional Income Potential
- Location in the Path of Development
- Favorable Unit Mix
- Separately Metered Utilities - Tenants Responsibile
EXECUTIVE SUMMARY
Horvath & Tremblay is proud to present an exceptional investment opportunity with the sale of 1823-1825 E Capitol Street SE (the “Property”), a 12-unit multifamily community located east of Capitol Hill, adjacent to RFK Stadium in the Hill East neighborhood of Washington, DC. The Property is separately metered for gas and electric, which is the responsibility of the tenants. With a current vacancy of 75%, a unit mix of all two-bedroom units, and with a number of major capital improvements already completed, an investor can expect strong cash-flow potential Day 1. The asset is situated in one of DC’s most stable rental markets while ideally positioned next to several recently-built mixed-use developments, the Stadium-Armory Metro, and the soon-to-be-redeveloped site that includes RFK Stadium, and potential future home of the Washington Commanders. This is a tremendous opportunity ideal for an array of multifamily investors to acquire a light value-add asset with strong immediate returns near the blue-chip Capitol Hill neighborhood, while adjacent to exciting future mixed-use projects and public parks & amenities.
PROPERTY FACTS
Price | £1,809,216 |
Price Per Unit | £150,768 |
Sale Type | Investment |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.05 AC |
Building Size | 9,720 SF |
Number of Floors | 3 |
Year Built | 1951 |
Parking Ratio | 0.41/1,000 SF |
Zoning | RF-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Waste Disposal
- Kitchen
- Fridge
- Oven
- Cooker
- Bath/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled Heating
- Gas Hob
- Walk-Up
- Smoke Detector
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £1,003,823 | |
Land Assessment | £987,203 | Total Assessment | £1,991,025 |