Description
THE OPPORTUNITYThis 14-unit apartment building in the heart of Washington, D.C.s H Street Corridor presents a prime investment opportunity. With 100% vacancy, it offers immediate potential for repositioning in a highly sought-after neighborhood. The high absorption rates of similar properties in the area highlight the market demand, making this a lucrative opportunity to capitalize on.100% VACANT ASSETThe property will be delivered 100% vacant, making this opportunity free from the elongated TOPA timelines. With no tenants in place, ownership will be able to immediately implement their business plan and begin adding value from day one.VALUE-ADD OPPORTUNITYWith a focus on unit upgrades and strategic conversion, this property offers significant cash flow potential. Upon stabilization, projected monthly income exceeds $40,000, making this a highly attractive investment with strong return prospects.TRANSFORMATIVE DEVELOPMENTThe Property is surrounded by major revitalization projects like Ivy City, NewCityDC, Union Market, and the H Street Corridor. These areas are seeing billions in redevelopment, including new retail, office spaces, and residential projects. This wave of transformation positions the property for long-term valueappreciation in a thriving submarket.H STREET CORRIDORLocated just two blocks from the vibrant H Street Corridor, one of D.C.s fastest-growing areas. With its dynamic mix of dining, nightlife, arts, and entertainment, the neighborhood draws locals and visitors alike, ensuring strong demand for housing.LIFESTYLE AMENITIESWith a Walk Score 85, this Property provides easy access to numerous lifestyle amenities. Within a five-minute walk, youll find Hechinger Mall, home to CVS, Safeway, ALDI, and more. Whole Foods and Giant are just a short drive away, offering convenience for residents.TRANSPORTATION EASEThe location offers excellent connectivity, whether by car, public transit, or D.C.s StreetCar. The nearby streetcar provides access along H Street to Union Station, while major highways like Route 50 and I-295 are just minutes away. For commuters, MetroBus stops on every corner ensure easy travel throughout the D.C. metropolitan area.SELF-CONTAINED ASSETEach unit is separately metered for all utilities, placing the responsibility for utility usage and payments entirely on the tenants. This arrangement significantly lowers the owners operating costs and eliminates the risk of unpaid utility bills affecting the propertys cash flow, which in turn will increase investor returns.
Description
THE OPPORTUNITYThis 14-unit apartment building in the heart of Washington, D.C.s H Street Corridor presents a prime investment opportunity. With 100% vacancy, it offers immediate potential for repositioning in a highly sought-after neighborhood. The high absorption rates of similar properties in the area highlight the market demand, making this a lucrative opportunity to capitalize on.100% VACANT ASSETThe property will be delivered 100% vacant, making this opportunity free from the elongated TOPA timelines. With no tenants in place, ownership will be able to immediately implement their business plan and begin adding value from day one.VALUE-ADD OPPORTUNITYWith a focus on unit upgrades and strategic conversion, this property offers significant cash flow potential. Upon stabilization, projected monthly income exceeds $40,000, making this a highly attractive investment with strong return prospects.TRANSFORMATIVE DEVELOPMENTThe Property is surrounded by major revitalization projects like Ivy City, NewCityDC, Union Market, and the H Street Corridor. These areas are seeing billions in redevelopment, including new retail, office spaces, and residential projects. This wave of transformation positions the property for long-term valueappreciation in a thriving submarket.H STREET CORRIDORLocated just two blocks from the vibrant H Street Corridor, one of D.C.s fastest-growing areas. With its dynamic mix of dining, nightlife, arts, and entertainment, the neighborhood draws locals and visitors alike, ensuring strong demand for housing.LIFESTYLE AMENITIESWith a Walk Score 85, this Property provides easy access to numerous lifestyle amenities. Within a five-minute walk, youll find Hechinger Mall, home to CVS, Safeway, ALDI, and more. Whole Foods and Giant are just a short drive away, offering convenience for residents.TRANSPORTATION EASEThe location offers excellent connectivity, whether by car, public transit, or D.C.s StreetCar. The nearby streetcar provides access along H Street to Union Station, while major highways like Route 50 and I-295 are just minutes away. For commuters, MetroBus stops on every corner ensure easy travel throughout the D.C. metropolitan area.SELF-CONTAINED ASSETEach unit is separately metered for all utilities, placing the responsibility for utility usage and payments entirely on the tenants. This arrangement significantly lowers the owners operating costs and eliminates the risk of unpaid utility bills affecting the propertys cash flow, which in turn will increase investor returns.
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-14T09:51:33.477.