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1600-1608 28th Place SE 1600-1608 28th Pl SE 22 Unit Apartment Building $1,650,000 ($75,000/Unit) Washington, DC 20020

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Investment Highlights

40% Vacant Asset - Value- Add Opportunity
Favorable Property-Specific Charateristics

Located Near Convergence of Hillcrest and Randle Highlands Neighborhoods
Nearby Public Transportation

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of 1600-1608 28th Place SE, a 22-unit multifamily community in the Randle Highlands neighborhood of Southeast, Washington, DC. Located just a block south of Pennsylvania Avenue SE, one of the District’s major corridors, 1600- 1608 28th Place SE consists of approximately 20,000 gross square feet within a three story plus basement building. The RA-1-zoned building has a unit mix consisting of sixteen (16) two-bedroom units and six (6) three-bedroom units. Other property features include a shared laundry room, solar panels on the roof, an off-street parking lot with twenty (20) spaces, and individual HVACs per apartment unit.

Property Facts Under Contract

Price	$1,650,000	Building Class	C
Price Per Unit	$75,000	Lot Size	0.44 AC
Sale Type	Investment	Building Size	20,082 SF
No. Units	22	No. Stories	3
Property Type	Multifamily	Year Built	1969
Property Subtype	Apartment	Parking Ratio	1/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RA-1 - RA-1 zoning permits low-density residential apartment buildings, generally allowing multi-family dwellings with basic supporting community uses.

Price	$1,650,000
Price Per Unit	$75,000
Sale Type	Investment
No. Units	22
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.44 AC
Building Size	20,082 SF
No. Stories	3
Year Built	1969
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RA-1 - RA-1 zoning permits low-density residential apartment buildings, generally allowing multi-family dwellings with basic supporting community uses.