2585 Naylor Rd SE
Washington, DC 20020
Immeuble residentiel Propriété À vendre · 15 Unités

The Zupancic Group of Marcus & Millichap is pleased to present 2585 Naylor Road SE, a 15unit multifamily asset located in the Anacostia neighborhood of Washington, DC, ideally situated just steps from the transformational Skyland Town Center development. The property was built in 1955 and renovated in 2021, providing a well-positioned asset with limited immediate capital required. The asset will benefit from operational upgrades, and a new investor will have an opportunity to increase cash flow through a strategic lease up process as units turnover. With a strong unit mix, updated systems, and exposure to a submarket positioned for above-average growth relative to other East of the River neighborhoods, the property presents a compelling long-term investment opportunity.
2585 Naylor Road SE is a 15-unit multifamily building totaling 16,716 gross square feet and situated on an RA-1 zoned, 7,841 square foot lot. The unit mix consists of four 1-bedroom units averaging approximately 720 square feet, nine 2-bedroom units averaging approximately 860 square feet, and two 3-bedroom units averaging approximately 925 square feet. The property underwent a renovation in 2021 and features in-unit washer and dryers, providing a desirable amenity for tenants. Electrical service has been heavied up, supporting efficient and reliable utility use while reducing future capital exposure. Units are all electric, with tenants responsible for electric utilities while ownership pays for water, sewer, and common area electric, limiting operating expense volatility. The asset has potential for light interior upgrades to further enhance rental demand, and select units feature balconies, another attractive feature for residents as the neighborhood continues to improve.
2585 Naylor Road SE is ideally located just steps from the transformational Skyland Town Center development. The property stands to significantly benefit from this major improvement in infrastructure, as well as the continuous expansion of the nearby Anacostia neighborhood which has seen a surge in restaurants and retail establishments, including renowned names such as Capital One Cafe, Busboys and Poets, and Starbucks, all contributing to the thriving culinary and shopping scene in Southeast DC. Less than half a mile or a 10-minute walk from the property lies Skyland Town Center, slated to become the largest retail hub in southeast Washington, DC. Recent highlights of this development include retail such as Lidl, CVS Pharmacy, Chase Bank, &pizza, Mezeh, Starbucks, Tropical Smoothie Cafe, and Jersey Mike's. The Crest, a complex featuring ground-floor retail and 263 multifamily units, made its debut in 2021. When fully realized, this 18-acre development will encompass over 137,000 square feet of retail space and more than 450 residential units, further enhancing the vibrancy of the area.