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Rhode Island Ave Hostel 107 Rhode Island Ave NE 5 Room Hostel Washington, DC 20002 $3,476,450 CAD ($695,290 CAD/Room)
Executive Summary
The Centurion Group is pleased to present 107 Rhode Island Ave NE, an existing 3,338 SF dormitory-style hostel featuring 27 beds, 7 full baths, and 5 bedrooms. Ideally
situated between Howard University, Gallaudet University, and in close proximity to the Catholic University of America, this property serves the substantial student populations
of these prestigious institutions.
Additionally, the property is strategically located near major DC landmarks, including Federal Departments, Federal Agencies, the Veterans Administration Hospital, National Children’s Hospital, and GWU Hospital, making it an ideal accommodation for shift workers, entry-level congressional staff, or interns seeking temporary housing.
Just 8 blocks from the vibrant U Street corridor, known for its dining and nightlife, this asset offers significant potential for high returns. With its prime location and versatile appeal, 107 Rhode Island Ave NE presents an excellent opportunity for the discerning investor, with the potential for a double-digit cap rate.
situated between Howard University, Gallaudet University, and in close proximity to the Catholic University of America, this property serves the substantial student populations
of these prestigious institutions.
Additionally, the property is strategically located near major DC landmarks, including Federal Departments, Federal Agencies, the Veterans Administration Hospital, National Children’s Hospital, and GWU Hospital, making it an ideal accommodation for shift workers, entry-level congressional staff, or interns seeking temporary housing.
Just 8 blocks from the vibrant U Street corridor, known for its dining and nightlife, this asset offers significant potential for high returns. With its prime location and versatile appeal, 107 Rhode Island Ave NE presents an excellent opportunity for the discerning investor, with the potential for a double-digit cap rate.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 5 | $114.03 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3535-0816 | Improvements Assessment | $597,504 CAD |
| Land Assessment | $635,161 CAD | Total Assessment | $1,232,666 CAD |
Property Taxes
Parcel Number
3535-0816
Land Assessment
$635,161 CAD
Improvements Assessment
$597,504 CAD
Total Assessment
$1,232,666 CAD
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Rhode Island Ave Hostel | 107 Rhode Island Ave NE
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