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Tivoli Place 3427 13th St NW 16 Unit Apartment Building $5,618,910 CAD ($351,182 CAD/Unit) 7.13% Cap Rate Washington, DC 20010
Investment Highlights
- Opportunity to Acquire an Expertly Maintained Multifamily Asset in NW Washington, DC
- Excellent Location in Columbia Heights, One of DC's Most Vibrant and Transit-Oriented Neighborhoods
- Ability to Lease Up Property and Increase Rents in Accordance with DC Rent Control Regulations
Executive Summary
Harbor Stone Advisors is pleased to present Tivoli Place, an expertly maintained multifamily asset in NW Washington, DC. Located in the desirable Columbia Heights neighborhood, residents of Tivoli Place are just steps away from retail, dining, and nightlife.
The property features 16 spacious units with a mix of (1) Efficiency, (5) 1 Br-1 Ba, (8) 2 Br-1 Ba, and (2) 2 Br-2 Ba. Typical unit interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring. There is also a laundry facility on-site, four surface parking spaces, and ten units have a private patio/balcony. The opportunity exists for a new owner to stabilize the property as it is currently 50% occupied, and lease the vacant units up to a 10% max increase over the prior rents in accordance with DC rent control regulations.
The property features 16 spacious units with a mix of (1) Efficiency, (5) 1 Br-1 Ba, (8) 2 Br-1 Ba, and (2) 2 Br-2 Ba. Typical unit interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring. There is also a laundry facility on-site, four surface parking spaces, and ten units have a private patio/balcony. The opportunity exists for a new owner to stabilize the property as it is currently 50% occupied, and lease the vacant units up to a 10% max increase over the prior rents in accordance with DC rent control regulations.
Property Facts
| Price | $5,618,910 CAD | Building Class | C |
| Price Per Unit | $351,182 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 13,852 SF |
| Cap Rate | 7.13% | Average Occupancy | 50% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 0.29/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RF-1 | ||
| Price | $5,618,910 CAD |
| Price Per Unit | $351,182 CAD |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 13,852 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1911 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | RF-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
- Vintage Building
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2839-0827 | Improvements Assessment | $3,913,431 CAD |
| Land Assessment | $892,623 CAD | Total Assessment | $4,806,055 CAD |
Property Taxes
Parcel Number
2839-0827
Land Assessment
$892,623 CAD
Improvements Assessment
$3,913,431 CAD
Total Assessment
$4,806,055 CAD
Contacts
-
Tom Wohlgemuth -
Justin Verner -
Brooks Healy -
Kevin Landolphi -
Harbor Stone Advisors
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Tivoli Place | 3427 13th St NW
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