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501 Mellon St SE
Washington, DC 20032
Immeuble residentiel Propriété À vendre
·
10 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 501 Mellon Street is a 10-unit apartment building with three two-bedroom and seven one-bedroom units, all averaging 700-900 square feet.
- Offered to the market as a foreclosure sale with immense value-add opportunity to convert to condos and/or raise NOI upon unit turnover.
- 67% of the 5-mile radius are renter-occupied households; of this, 39% are one and two-unit layouts, coinciding with the subject property’s unit mix.
- In Washington, DC’s Congress Heights neighborhood is within the metro’s Opportunity Zone and 5 minutes of public transportation.
- Currently, each unit is separately metered for electric and gas, shielding ownership from significant uncontrolled costs.
- Local POIs nearby include the Congress Heights Playground, the East Potomac Golf Course, the Mt. Vernon Hiking Trail, and Montgomery Dog Park.
Résumé de l'annonce
As the exclusive advisor, Realty One Group is pleased to present the multifaceted and value-add investment opportunity of the 10-unit apartment building at 501 Mellon Street SE, in Washington, DC.
The building spans 9,300 square feet among three stories and offers a unit mix of one and two-bedroom units. Offered vacant to the market as a foreclosure sale, this multifamily building is a great redevelopment opportunity. An investor can strategically reconfigure select units or build upon the current property with expansion. Each unit is self-contained, and the property runs on electricity, gas, and water. With substantial upgrades, the property has potential for expansion and increased revenue. New ownership will inherit a property with some deferred maintenance. There is a strong foundation for future growth and profitability.
501 Mellon Street SE is on a residential street within the rapidly growing Congress Heights neighborhood of Southeast DC. It is 0.6 miles from St. Elizabeth's East, one of the largest developments in the DC area. The property is also located near convenient access to public transportation. Located amid Anacostia’s rapid redevelopment scene, the Property is primed to take advantage. Nearby projects include MLK Gateway and Saint Elizabeth. This location will be in high demand among future renters and investment professionals.
Congress Heights is emerging as a hub for leisure and sports thanks to the newly built Entertainment and Sports Arena and Gateway DC, a green space used for festivals, farmers markets, and other community events. Regarding rentals, Congress Heights is one of the most affordable places to live in the capital, with condos, apartments, houses, and 20th-century townhomes available for rent. Locals gather at community spaces like the Town Hall Education Arts Recreation Campus and the Congress Heights Arts and Culture Center.
501 Mellon St SE presents an exceptional opportunity for investors and developers to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Property tours are available by appointment only. Please contact the broker to schedule.
The building spans 9,300 square feet among three stories and offers a unit mix of one and two-bedroom units. Offered vacant to the market as a foreclosure sale, this multifamily building is a great redevelopment opportunity. An investor can strategically reconfigure select units or build upon the current property with expansion. Each unit is self-contained, and the property runs on electricity, gas, and water. With substantial upgrades, the property has potential for expansion and increased revenue. New ownership will inherit a property with some deferred maintenance. There is a strong foundation for future growth and profitability.
501 Mellon Street SE is on a residential street within the rapidly growing Congress Heights neighborhood of Southeast DC. It is 0.6 miles from St. Elizabeth's East, one of the largest developments in the DC area. The property is also located near convenient access to public transportation. Located amid Anacostia’s rapid redevelopment scene, the Property is primed to take advantage. Nearby projects include MLK Gateway and Saint Elizabeth. This location will be in high demand among future renters and investment professionals.
Congress Heights is emerging as a hub for leisure and sports thanks to the newly built Entertainment and Sports Arena and Gateway DC, a green space used for festivals, farmers markets, and other community events. Regarding rentals, Congress Heights is one of the most affordable places to live in the capital, with condos, apartments, houses, and 20th-century townhomes available for rent. Locals gather at community spaces like the Town Hall Education Arts Recreation Campus and the Congress Heights Arts and Culture Center.
501 Mellon St SE presents an exceptional opportunity for investors and developers to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Property tours are available by appointment only. Please contact the broker to schedule.
Faits sur la propriété
Commodités
Commodités des unités
- Prêt pour le câble
- Ventilateurs de plafond
- Réfrigérateur
- Four
- Bain/Douche
Commodités du site
- Accès 24 heures
- Installations de lessive
- Espace d'entreposage
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 7 | - | 728 |
| 2+1 | 3 | - | 1 045 |
Impôts fonciers
| Numéro de lot | 5984-0043 | Évaluation des bâtiments | 643 457 $ CAD |
| Évaluation du terrain | 434 680 $ CAD | Évaluation totale | 1 078 137 $ CAD |
Impôts fonciers
Numéro de lot
5984-0043
Évaluation du terrain
434 680 $ CAD
Évaluation des bâtiments
643 457 $ CAD
Évaluation totale
1 078 137 $ CAD
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