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1916 15th St SE
Washington, DC 20020
Multifamily Property For Sale · 27 Units

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INVESTMENT HIGHLIGHTS

  • Brand New Construction delivered with Certificate of Occupancy
  • Turn Key Service Ready Investment
  • High bedroom Count per unit

EXECUTIVE SUMMARY

We are pleased to offer this brand-new recently constructed 27 unit building (Twenty Five -3br Two-2br, One- 5,000sqft Retail Space) for consideration of purchase in one of DC's most actively developing areas, Anacostia.
Currently finishing a change of use to put into service as a senior living facility and just signed a 5 year lease with a senior living provider at NNN.
Anacostia has one of the lowest vacancy rates across all neighborhoods of DC and very high demand for additional senior living communities and in conjunction with the St. Elizabeth's development is sure to be a hub of healthcare activity.

PROPERTY FACTS

Price Per Unit $640,972 CAD
Sale Type Investment
Cap Rate 9.24%
Gross Rent Multiplier 9.47
No. Units 27
Property Type Multifamily
Property Subtype Apartment
Apartment Style Hi-Rise
Building Class C
Lot Size 0.20 AC
Building Size 47,771 SF
No. Stories 6
Year Built 2024
Zoning MU-4 - mixed-use zone that allows for moderate-density development of a variety of uses in low- and moderate-density residential areas.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 24 - 607 - 972
2+1 1 - 656
3+2.5 1 - 1,059
3+2 1 - 965

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5766-1017
Land Assessment
$698,625 CAD
Improvements Assessment
$773,051 CAD
Total Assessment
$1,471,675 CAD
  • Listing ID: 32122665

  • Date on Market: 2024-06-13

  • Last Updated:

  • Address: 1916 15th St SE, Washington, DC 20020

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