5024 H St SE | Washington, DC 20019
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- LoopNet Team
5024 H St SE
Washington, DC 20019
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- 60% Occupied - New owner can capture higher rents of $1,757/month on the vacant units
- Below Replacement Cost - Property being sold for well below the cost to build 4,500 SF from the ground up
- Underutilized Basement - Basement currently used as a utility room. Can be repurposed to generate additional income
- Turnkey Investment - Acquired by current ownership in 2019 and fully renovated. Vacant units are move-in ready
- Strong Pro Forma NOI - Year 1 NOI is north of $64,000. That's a 9%+ cap rate
- SELLER FINANCING AVAILABLE
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 4,500 SF |
| Property Subtype | Apartment | Average Occupancy | 60% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1944/2019 |
| Zoning | R-2 - medium density residential district | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 60% |
| No. Stories | 3 |
| Year Built/Renovated | 1944/2019 |
| Zoning | R-2 - medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 750 |
PROPERTY TAXES
| Parcel Number | 5341-0039 | Improvements Assessment | $57,160 |
| Land Assessment | $272,750 | Total Assessment | $329,910 |
PROPERTY TAXES
Parcel Number
5341-0039
Land Assessment
$272,750
Improvements Assessment
$57,160
Total Assessment
$329,910
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