3867 Alabama Ave SE | Washington, DC 20020
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3867 Alabama Ave SE
Washington, DC 20020
31 Unit Apartment - 27 Vacancies - Value Add · Build-to-Rent Property For Sale
·
31 Units
INVESTMENT HIGHLIGHTS
- A 30,827 SF building (including 5,000 SF of lower-level space) featuring 31 units, including 28 one-bedroom apartments and 3 two-bedroom apts
- The 5,000 SF lower level, with 8-foot ceilings, existing plumbing, and egress, can be renovated into four additional rental units
- Recent upgrades in multiple units include new appliances, hardwood flooring, updated kitchen cabinets, tile and windows providing move-in ready apts
- Currently centrally metered for electricity and gas, offering an opportunity to convert to individual unit metering to significantly boost net income
- Achieve a projected 8.34% CAP rate through a Housing Provider Voucher (HPV) leasing strategy
- Electrical, plumbing, and roofing systems have all been updated within the past 10 years, eliminating the need for major upfront repairs
PROPERTY FACTS
| No. Units | 31 | Total Plot Size | 0.43 ac |
| Property Type | Build-to-Rent | Property Size | 30,827 sq ft |
| Property Subtype | Apartment | Average Occupancy | 74% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | C | Year Built | 1939 |
| Use Class | RA-1 | ||
| No. Units | 31 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.43 ac |
| Property Size | 30,827 sq ft |
| Average Occupancy | 74% |
| No. Floors | 3 |
| Year Built | 1939 |
| Use Class | RA-1 |
AMENITIES
UNIT AMENITIES
- Disposal
- Oven
- Range
- Carpet
- Recreation Room
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 28 | - | 575 - 650 |
| 2+1 | 3 | - | 850 |
PROPERTY TAXES
| Parcel Number | 5522-0800 | Improvements Assessment | £737,862 |
| Land Assessment | £559,997 | Total Assessment | £1,297,858 |
PROPERTY TAXES
Parcel Number
5522-0800
Land Assessment
£559,997
Improvements Assessment
£737,862
Total Assessment
£1,297,858
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
