This Multifamily Property is For Sale.

1375 Maryland Ave NE
Washington, DC 20002 ·

10 Units · Multifamily For Sale

$6,890,000

·

Watch This Property

Get notified about changes to this listing to stay in the loop.

Print

Pierce School Lofts

Price $6,890,000 Commission Split 3%
No. Units 10 Cap Rate 5.50%
Building Size 25,000 SF Occupancy 100%
Price/Unit $689,000 No. Stories 3
Property Type Multifamily Year Built 1894
Property Sub-type Garden/Low-Rise Lot Size 23,000 SF
Property Use Type Investment APN / Parcel ID 1028-0193
Find out more...
Listing ID: 19957403 Date Created: 09/07/2016 Last Updated: 01/31/2017

Description

This fully leased 10 unit building was transformed from a former school house into lofts ranging from 1,100 square feet to 1,400 square feet plus a 2 story penthouse of 9,500 square feet. The main building is being sold with the an annex structure that creates a private rear courtyard where a 38,000 gallon heated pool is located for tenants. Other tenant amenities include a fitness room, grill/bar area, outdoor fireplace & spa. This unique 25,000+/- square foot buildings is located on the highly desirable H Street corridor. H Street is currently undergoing a massive transformation with over 1,400 new residential units, a newly completed DC Metro Street Car and high end retailers like Whole Foods. Street Car and high end retailers like Whole Foods.

Located one block from the highly-trafficked starburst intersection with major commuter avenues including Benning Road NE, Bladensburg Road NE, Maryland Ave NE and Florida Avenue NE. H Street continues to undergo a massive transformation with over 1,400 new residential units coming on-line, a newly completed DC Metro Street Car and high-end retailers like Whole Foods set to open in the near future. H Street NE continues to be one of DC' s most traveled destinations for trendy restaurants & shops.

Research

1375 Maryland Ave NE, Washington, DC 20002 (District of Columbia County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Washington Market Trends - Asking price index trends, sale price trends, asking rent trends

Demographics - Review demographics in this neighborhood

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)