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2617 Pennsylvania Ave SE 64 Unit Apartment Building $4,857,335 CAD ($75,896 CAD/Unit) Washington, DC 20020
Investment Highlights
- Shovel-Ready Development: +69,000 buildable SF multifamily project on the 2600 block of Pennsylvania Avenue SE
- Well-situated on Pennsylvania Ave SE with a corner location at a signalized intersection, facing the 27th Street Police Station, & 0.5miles to I-295
- Located in a designated Opportunity Zone, providing substantial tax benefits for development, including reducing or eliminating future capital gains
- The unit mix consists of 1 studio, 39 one-bedrooms, 2 two-bedrooms, and 22 three-bedroom units, totaling 64 units
- Sale includes fully approved plans and permits for a well-designed and expansive development project
Property Facts
| Price | $4,857,335 CAD | Lot Size | 0.38 AC |
| Price Per Unit | $75,896 CAD | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 69,490 SF |
| No. Units | 64 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2027 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | MU-4 | ||
| Price | $4,857,335 CAD |
| Price Per Unit | $75,896 CAD |
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Construction Status | Proposed |
| Building Size | 69,490 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2027 |
| Opportunity Zone |
Yes |
| Zoning | MU-4 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5579-0064 | Improvements Assessment | $1,468,063 CAD |
| Land Assessment | $922,210 CAD | Total Assessment | $2,390,273 CAD |
Property Taxes
Parcel Number
5579-0064
Land Assessment
$922,210 CAD
Improvements Assessment
$1,468,063 CAD
Total Assessment
$2,390,273 CAD
Contacts
-
Ian Weisz -
Benjamin Wilson -
Donivan Okolita -
Burke McLaughlin -
Yassi Ghashghai -
Greysteel Holdings
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2617 Pennsylvania Ave SE
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