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- LoopNet Team
1255 Raum St NE
Washington, DC 20002
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Fully renovated in 2015
- Top-of-market rents
- 50% vacancy
- attractive location in booming Trinidad neighborhood
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 5,986 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1940 |
| Zoning | RF-1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,986 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | RF-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Hardwood Floors
- Double Pane Windows
- Freezer
ABOUT 1255 RAUM ST NE , WASHINGTON, DC 20002
Two units are currently occupied at rent $1,667. The rents have been increased to $1,709 pending DHCA inspection. The property was gut renovated in 2015 which included an upgrade and heavy-up to electrical systems; all new kitchens and bathrooms; replacements of all fixtures and appliances; upgrade lighting; installation of all-new HVAC units, hot water heaters, and washers/dryers; plumbing replacements; and common area improvements. More recent work completed at the property includes a 2018 replacement of the roof sheathing and membrane (under warranty through 2023), a 2018 installation of new fencing; and 2019 installation of new electrical meters and upgraded electrical service from the street.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 700 |
PROPERTY TAXES
| Parcel Number | 4055-0828 | Improvements Assessment | $485,300 |
| Land Assessment | $506,160 | Total Assessment | $991,460 |
PROPERTY TAXES
