5320 8th St NW | Washington, DC 20011
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- LoopNet Team
5320 8th St NW
Washington, DC 20011
Multifamily Property For Sale
·
38 Units
INVESTMENT HIGHLIGHTS
- Chapter 7 Bankruptcy Sale- Not Subject to TOPA
- Located in a qualified census tract for additional low-income housing tax credits
- In-place rents 60%-80% below neighborhood HCPV rents
- Located in opportunity zone
- Multiple potential strategies to capitalize on the asset's physical vacancy
- Located near the Parks at Walter reed, Petworth, and Kennedy Street
PROPERTY FACTS
| No. Units | 38 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 31,923 SF |
| Property Subtype | Apartment | Average Occupancy | 53% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1927 |
| Zoning | RF-1 | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 31,923 SF |
| Average Occupancy | 53% |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | RF-1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 39 | - | - |
| 2+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 2999-0802 | Improvements Assessment | $3,503,760 |
| Land Assessment | $664,200 | Total Assessment | $4,167,960 |
PROPERTY TAXES
Parcel Number
2999-0802
Land Assessment
$664,200
Improvements Assessment
$3,503,760
Total Assessment
$4,167,960
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