61 Rhode Island Ave NE | Washington, DC 20002
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- LoopNet Team
61 Rhode Island Ave NE
Washington, DC 20002
Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- The Property is a freshly renovated, 23-unit building located on Rhode Island Avenue NE in one of the most attractive submarkets in Washington D.C.
- The Property has undergone significant general upkeep and many of the units have been renovated over the past few years.
- With a mix of studio, one-bedroom, two-bedroom, and three-bedroom units, the Property provides significant, low-risk cash flow.
- The Property is currently receiving rents of $3,872 for three bedrooms, $2,872 for two bedrooms, $2,467 for one bedrooms and $2,397 for efficiencies
- Located on a major thoroughfare, transportation from the Property is a breeze, whether you are traveling between states or a few blocks away.
- 95% of the gross rent roll is subsidized and thereby guaranteed by the government, reducing the risk of non-payment.
PROPERTY FACTS
| No. Units | 23 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 22,248 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1913/2021 |
| Building Class | C | ||
| Zoning | RF-1 | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,248 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1913/2021 |
| Zoning | RF-1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Oven
- Carpet
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 10 | - | 650 |
| 2+1 | 5 | - | 850 |
| 3+1 | 7 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 3535-0058 | Improvements Assessment | $4,439,870 |
| Land Assessment | $598,260 | Total Assessment | $5,038,130 |
PROPERTY TAXES
Parcel Number
3535-0058
Land Assessment
$598,260
Improvements Assessment
$4,439,870
Total Assessment
$5,038,130
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