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1140 17th St NE
Washington, DC 20002
The Dezy Condominiums · Multifamily Property For Sale · 6 Units

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INVESTMENT HIGHLIGHTS

  • Pro-forma Cap Rate: 6.83% - NOI: $273,200.

EXECUTIVE SUMMARY

Calling all investors for this 6 TH-style units in a brand new fully completed building with views of the Wash Monument and the Capitol! Located in bustling NE DC, in Langston-Carver, where H St Corridor, Union Market and Ivy City are all easily accessible, you can now add this boutique 6-unit residence to the mix. The Dezy Condominiums has an expansive rooftop with 360 degree views of DC’s skyline for the penthouse units. There is a clear shot of the Capital from the all six units and spectacular sunsets. In addition, each unit has its own private outdoor space, 3 bedrooms and 2.5 baths over two floors. Each unit has a spacious, open concept living & dining area which is graced by an oversized picture window at each end of the home that offers ample natural light throughout the main level. The stunning white oak wide plank flooring create an inviting and warm atmosphere throughout the home. The chic L-shaped kitchen has quartz countertops, matching backsplash, white shaker cabinetry with black metal hardware, an oversized island with storage and an 7.5ft wide deep pantry. The brand-new SS appliances offer functionality and style. All the bedrooms have morning or sunset views and are on the same floor as the laundry. Both full baths have spa-like features and feel. Full-size washer and dryer in every unit. The secured 6-car parking area has a quick roll up door and each unit comes with 1 parking space. The building is fully equipped with a secured entry, while the unit has a smart home security system installed. These SIX condos run from 1640-1800 sq ft each. Within walking distance to H Street Corridor, Aldi, Safeway and the Arboretum. This is an amazing opportunity for early entry into a transitioning area while building equity for years to come. Currently have all units rented for $4939-5500/mo.

PROPERTY FACTS

Price Per Unit $733,333
Sale Type Investment
Cap Rate 8.79%
Sale Condition Bulk/Portfolio Sale
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.20 AC
Building Size 10,300 SF
Average Occupancy 0%
No. Stories 4
Year Built 2025
Zoning RF-1 - 3 lots have been merged into 1.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Microwave
  • Heating
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Tub/Shower
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Security System
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 6 $5,500 1,641 - 1,802
  • Listing ID: 33511238

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 1140 17th St NE, Washington, DC 20002

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