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A Renovated 12 Unit Apartment - 100% Occupied 1631 6th St NW 12 Unité Immeuble d’appartements 3 785 458 $ CAD (315 455 $ CAD/Unité) 6,95% Taux de capitalisation Washington, DC 20001
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Faits saillants de l'investissement
- Turnkey 12-Unit Multifamily Asset with Modern Finishes and Minimal Near-Term Capital Requirements
- Projected Year One Cap Rate of 6.95%
- Transit-Oriented Positioning with Access to Three Metro Lines Less than Seven Blocks Away
- 100% Occupied with Strong In-Place Income with a 6.62 Percent Cap Rate, Providing Immediate, Stable Cash Flow
- Boutique Asset with Highly Desirable Unit Mix of Six - 1BR/1BA Units, Five 2BR/1 BA Units and One 2 BR/2 BA Unit
Résumé de l'annonce
Marcus & Millichap is pleased to exclusively present 1631 6th Street NW, a 12-unit multifamily investment opportunity located in the highly desirable Shaw
neighborhood of Northwest Washington, D.C. Built in 1954 and fully renovated in 2018, this asset offers investors a rare opportunity to acquire a well maintained
multifamily building with strong in-place income, minimal deferred maintenance, and continued rental upside in one of the District’s most dynamic submarkets.
The property consists of 12 well-designed residential units featuring a mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 548
square feet for the one-bedroom and 680 square feet for the two-bedroom. The building encompasses approximately 8,974 rentable square feet and sits on a 0.12-acre
lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand.
1631 6th Street NW is currently generating $273,000 in gross rental income, equating to a 6.62 Percent CAP rate. Through modest rent increases to align with market
levels, an investor can achieve a projected gross rental income of $284,898 with a 6.95 Percent CAP rate in one year with moderate rental increases. This asset is
separately metered whereby the tenants pay for gas and electric, and the owner pays the water expenses. There is also additional income earned from the two off-street
parking spaces.
Strategically located in the Shaw neighborhood, the property offers residents immediate access to a vibrant mix of retail, dining, and entertainment options along 14th
Street NW and U Street Corridor. The property is located three blocks from Shaw-Howard U. metro, and five blocks from the Mount Vernon Square metro, providing
connectivity to major employment hubs throughout Washington, D.C. This strong transit orientation, combined with continued neighborhood investment and limited
new supply of comparable boutique assets, supports long-term rental growth and asset appreciation.
neighborhood of Northwest Washington, D.C. Built in 1954 and fully renovated in 2018, this asset offers investors a rare opportunity to acquire a well maintained
multifamily building with strong in-place income, minimal deferred maintenance, and continued rental upside in one of the District’s most dynamic submarkets.
The property consists of 12 well-designed residential units featuring a mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 548
square feet for the one-bedroom and 680 square feet for the two-bedroom. The building encompasses approximately 8,974 rentable square feet and sits on a 0.12-acre
lot. Units are thoughtfully designed to appeal to today’s urban renter, supporting strong occupancy and consistent rental demand.
1631 6th Street NW is currently generating $273,000 in gross rental income, equating to a 6.62 Percent CAP rate. Through modest rent increases to align with market
levels, an investor can achieve a projected gross rental income of $284,898 with a 6.95 Percent CAP rate in one year with moderate rental increases. This asset is
separately metered whereby the tenants pay for gas and electric, and the owner pays the water expenses. There is also additional income earned from the two off-street
parking spaces.
Strategically located in the Shaw neighborhood, the property offers residents immediate access to a vibrant mix of retail, dining, and entertainment options along 14th
Street NW and U Street Corridor. The property is located three blocks from Shaw-Howard U. metro, and five blocks from the Mount Vernon Square metro, providing
connectivity to major employment hubs throughout Washington, D.C. This strong transit orientation, combined with continued neighborhood investment and limited
new supply of comparable boutique assets, supports long-term rental growth and asset appreciation.
Faits sur la propriété
| Prix | 3 785 458 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 315 455 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,12 AC |
| Taux de capitalisation | 6,95% | Taille du bâtiment | 7 368 pi² |
| Nombre d’unités | 12 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1954/2018 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,27/1 000 pi² |
| Zonage | RF-1 - residential flats low density | ||
| Prix | 3 785 458 $ CAD |
| Prix par unité | 315 455 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,95% |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,12 AC |
| Taille du bâtiment | 7 368 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1954/2018 |
| Ratio de stationnement | 0,27/1 000 pi² |
| Zonage | RF-1 - residential flats low density |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 6 | 1 950 $ CAD | 548 - 550 |
| 2+1 | 6 | 2 738 $ CAD | 680 - 700 |
1 1
Exceptionnellement praticable à pied
100/100
Relativement facile d’accès en voiture
30/100
Transports en commun exceptionnels
90/100
Très praticable en vélo
80/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 588 309 $ CAD | |
| Évaluation du terrain | 834 631 $ CAD | Évaluation totale | 2 422 941 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
834 631 $ CAD
Évaluation des bâtiments
1 588 309 $ CAD
Évaluation totale
2 422 941 $ CAD
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A Renovated 12 Unit Apartment - 100% Occupied | 1631 6th St NW
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