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1103 Fern St NW 4 Unit Apartment Building $2,200,000 ($550,000/Unit) 6.53% Cap Rate Washington, DC 20012
INVESTMENT HIGHLIGHTS
- Prime Location! Rare Gem! Great Multifamily Investment Opportunity!
- This stylish Green Building is situated just beside the beautiful new 66-acre deve
- Each of the ten condos has been designed to be functional and make the best use of the space.
- National Children's Hospital within walking distance.
EXECUTIVE SUMMARY
Prime Location! Rare Gem! Great Investment Opportunity! Only 4 Units Left! Grab this Portfolio Deal at a Special Price—Available Only for Closings in September! Bright and Spacious New Development Opportunity in desirable Shepherd Park. Own your future residence with modern touches at a special launching price. Great investment value! This stylish Green Building is situated just beside the beautiful new 66-acre development at Walter Reed, with retail, entertainment, hotel, office, health care, schools, and 22 acres of parks and plazas. Situated in a vibrant part of the city with the comfort of modern living! MESKEN 1103 offers great living spaces surrounded by shops, restaurants, parks, and accessible transportation. Each of the ten condos has been designed to be functional and make the best use of the space. Experience urban convenience with a neighborhood feel in your new place. This is your chance to reserve your new home! Pics for the Model Home!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,000
|
$43.55
|
| Taxes |
$13,568
|
$3.65
|
| Operating Expenses |
$4,789
|
$1.29
|
| Total Expenses |
$18,357
|
$4.93
|
| Net Operating Income |
$143,643
|
$38.61
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $43.55 |
| Taxes | |
|---|---|
| Annual | $13,568 |
| Annual Per SF | $3.65 |
| Operating Expenses | |
|---|---|
| Annual | $4,789 |
| Annual Per SF | $1.29 |
| Total Expenses | |
|---|---|
| Annual | $18,357 |
| Annual Per SF | $4.93 |
| Net Operating Income | |
|---|---|
| Annual | $143,643 |
| Annual Per SF | $38.61 |
PROPERTY FACTS
| Price | $2,200,000 | Property Subtype | Apartment |
| Price Per Unit | $550,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.53% | Building Size | 3,720 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2022 |
| Zoning | MU-4 - Mixed use zoning. | ||
| Price | $2,200,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 3,720 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Zoning | MU-4 - Mixed use zoning. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 607 | $3,750 | 1,068 |
| 2+1 | 603 | $3,000 | 792 |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (75)
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1103 Fern St NW
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