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808 Chesapeake St SE
Washington, DC 20032
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Value-add opportunity
- May be possible to combine units and add a 15th unit in the basement
Executive Summary
Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is almost $200,000, a 12.5% cap at the list price.
The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars.
The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.
The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars.
The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.
Property Facts
| Price Per Unit | $161,202 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 14 | Building Size | 15,921 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | ||
| Zoning | RF-1 | ||
| Price Per Unit | $161,202 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 15,921 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Zoning | RF-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 8 | - | - |
Property Taxes
| Parcel Number | 6160-0873 | Improvements Assessment | $1,189,568 CAD |
| Land Assessment | $905,000 CAD | Total Assessment | $2,094,568 CAD |
Property Taxes
Parcel Number
6160-0873
Land Assessment
$905,000 CAD
Improvements Assessment
$1,189,568 CAD
Total Assessment
$2,094,568 CAD
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