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Girard Street Apartment Homes
1441 Girard Street NW, Washington, DC 20009
N/A
5
4,650 SF
Multifamily
Garden/Low-Rise
Investment
7.85%
9.83
35
1905
2,416 SF
2668-0000-0805
-
Last Verified 7/29/2009
Listing ID 16078483
Highlights
Newly Renovated Building and Appliances- Favorable Unit Mix with Four Large Two Bedrooms and One Spacious One Bedroom
- Self-Contained for Gas and Electric
- Two Blocks Away from Columbia Heights Metro/DCUSA
Description
NEWLY REDUCED PRICE:
-MOTIVATED SELLER. WE ENCOURAGE YOU TO SUBMIT AN OFFER-
Marcus & Millichap is pleased to announce the exclusive offering of Girard Street Apartment Homes, a Five unit multi-family building situated in the heart of Columbia Heights. The building is comprised of One: One bedroom and Four: Two bedroom units, each ranging in size between 650 SF and 1,000 SF respectively.
Built in 1905, the property has been fully renovated since it was acquired it 2000. The seller has replaced the kitchen cabinets and countertops, bathrooms fixtures, installed washers and dryers and changed exterior lighting. It is also self-contained for both gas and electric, mitigating the owners expense. These recent renovations allow a new investor to acquire a cash flowing property in excellent condition and ready for conversion when the condo market is revived.
Columbia Heights has seen tremendous growth over the past two years. Located in the heart of the Columbia Heights neighborhood, the subject property is located just two blocks north of both DCUSA and the Columbia Heights Metro Station, making it a very attractive asset for renters. Over the past few years, Columbia Heights has been one of the fastest growing neighborhoods in DC. Due to new development projects such as DCUSA and Highland Park Apartment Homes, apartment owners have seen a downward pressure on vacancy rates between 50-100 basis points and has seen land appreciate at a much faster rate than other DC neighborhoods.
Map of 1441 Girard Street NW, Washington, DC 20009 (District of Columbia County)
Created 1/28/2009
Additional Information for 1441 Girard Street Nw, Washington, DC 20009
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 2 Historic Listings
- Sales Comparables Available - 0 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.