701-709 Kennedy St NW | Washington, DC 20011
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- LoopNet Team
701-709 Kennedy St NW
Washington, DC 20011
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
- The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
- Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
- Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
- With the exception of unit 701, all tenants have been in place for five years or greater
- Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 5,627 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.51/1,000 SF |
| Zoning | MU-4 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,627 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | MU-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
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