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Longfellow Street Apartment Homes
614 Longfellow Street NW, Washington, DC 20011
N/A
23
15,000 SF
Multifamily
Mid/High-Rise
Investment
7.92%
96%
14,250 SF
-
Last Verified 7/29/2009
Listing ID 16078276
Highlights
Favorable Unit Mix of Sixteen: One Bedrooms and Seven: Two Bedrooms- Excellent Condition
- Self-Contained for Electricity
Description
NEWLY REDUCE PRICE:
-- MOTIVATED SELLER! LOOKING AT ALL OFFERS --
Marcus & Millichap is pleased to announce the exclusive offering of Longfellow Street Apartment Homes, a well-maintained 23 unit Multi-Family building positioned in the Brightwood neighborhood. Located at 614 Longfellow Street NW, the asset is comprised of Sixteen: One bedroom and Seven: Two bedroom units, ranging in size between 507 to 630 for the one bedrooms and 860 to 950 for the two bedroom units. This provides an opportunity for an investor to acquire an income producing property in impecable condition.
Constructed in 1965, this property offers investors over 15,000 SF on .33 Acres. Since 2005, the current owner has undergone major renovations to the building. The owner has renovated the kitchen countertops and cabinets, replaced the bathroom vanities and replaced the carpet flooring. The owner has also performed major repairs on the central boiler and plumbing. As a result of the building's condition and location, it has historically experienced high occupancy, and is currently 96% occupied. It is self-contained for electricity, minimizing the
owner's expense
Longfellow Street Apartment Homes is located in Brightwood which is just one block South of Missouri Avenue, and is bounded by N Capitol Street to the East and 16th Street to the West. Residents enjoy being less than 1.5 miles away from the Fort Totten Metro Station and very close to Rock Creek Park. Major
economic drivers in the area include Walter Reed Army Medical Center, Howard University and the Washington DC Police Department.
Over the past few years, Brightwood has experienced tremendous of growth. Just three blocks away from Georgia Avenue, Longfellow Street Apartment Homes will benefit from the Great Streets Initiative. The project provides transportation and streetscape improvements on Georgia Avenue. The plan will widen sidewalks, install more street lights, and make the area more accessible for commuters. The Great Streets Initiative will increase property values in the area, making this a profitable investment.
Map of 614 Longfellow Street NW, Washington, DC 20011 (District of Columbia County)
Created 1/28/2009
Additional Information for 614 Longfellow Street Nw, Washington, DC 20011
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 3 Historic Listings
- Sales Comparables Available - 1 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.