721 16th St NE | Washington, DC 20002
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- LoopNet Team
721 16th St NE
Washington, DC 20002
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Brand new construction
- Can be delivered VACANT (No TOPA), or leased
- Short term rental potential (property is commercially zoned MU-5A-short term permitted)
- Old City I location - high rents, explosive growth
- Can go condo, now or down the road. Just do condo docs
- Buy with 725 20th Street, NE (6 unit) or separate
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,075 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 0.16/1,000 SF |
| Lot Size | 0.04 AC | ||
| Zoning | MU-5A - The Mixed-Use (MU) zones provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit types | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 6,075 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | MU-5A - The Mixed-Use (MU) zones provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit types |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Security System
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,872 | 450 - 498 |
| 4+2 | 2 | $4,753 | 1,046 - 1,051 |
PROPERTY TAXES
| Parcel Number | 4510-0096 | Improvements Assessment | $2,369,780 |
| Land Assessment | $437,680 | Total Assessment | $2,807,460 |
PROPERTY TAXES
Parcel Number
4510-0096
Land Assessment
$437,680
Improvements Assessment
$2,369,780
Total Assessment
$2,807,460
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