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350 U St NE
Washington, DC 20002
The Thomas · Multifamily Property For Sale
·
14 Units
Investment Highlights
- The Property is a renovated, 14-unit building in the highly desirable Eckington neighborhood of NE Washington, D.C.
- The Property was renovated in 2021 and all major capital expenditures have already been addressed.
- CVS and Giant are down the street with banks, clothing stores, and local retailers a short walk away.
- New ownership is presented with immediately high rental revenues as a result of very high in-place rents at the property
- Immediate access to Union Station, Metro Bus, Rhode Island Ave-Brentwood Metro, Route 1, Route 50 to 295.
- Massive developments in the surrounding area, such as NewCity DC and Union Market, provide positive economic tailwinds.
Property Facts
| No. Units | 14 | Building Size | 13,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2021 |
| Building Class | C | Parking Ratio | 0.46/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | RF-1 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2021 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | RF-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+1 | 7 | - | 1,000 |
Property Taxes
| Parcel Number | 3563-0135 | Improvements Assessment | $1,786,440 |
| Land Assessment | $777,610 | Total Assessment | $2,564,050 |
Property Taxes
Parcel Number
3563-0135
Land Assessment
$777,610
Improvements Assessment
$1,786,440
Total Assessment
$2,564,050
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