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2814 28th St
Washington, DC 20020
2814 28th St.SE · Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Newly constructed (2021) and fully occupied 8 unit building in Randle Heights. Excellent stabilized investment opportunity with gross rents of $18,540/month. The pro forma cap rate is 8.0%! Desirable unit mix of seven large 3 bedroom / 2 bathroom units and one 4 bedroom / 2 bathroom. The building is located less than a half mile from Safeway and the new Skyland Town Center development. Exempt from rent control!
PROPERTY FACTS
| Price Per Unit | $250,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 8.03% | Building Size | 9,600 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.21/1,000 SF |
| Zoning | RA-1 | ||
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 9,600 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.21/1,000 SF |
| Zoning | RA-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 7 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5729W-0008 | Improvements Assessment | $1,514,710 |
| Land Assessment | $178,400 | Total Assessment | $1,693,110 |
PROPERTY TAXES
Parcel Number
5729W-0008
Land Assessment
$178,400
Improvements Assessment
$1,514,710
Total Assessment
$1,693,110
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