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808 Chesapeake St Se, Washington, DC 20032

$1,620,000

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List Price: $1,620,000
Status: ACTIVE
MLS#: DCDC2266890
Lot Size (Acres): 0.37
Year Built: 1963
County: Washington
School District: District Of Columbia Public Schools

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Property Description

Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is almost $200,000, a 12.5% cap at the list price. The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars. The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.

240-804-7606

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Additional Information

Subdivision: Congress Heights
School District: District Of Columbia Public Schools
Heating: Central
Cooling: Central Air
Water: Public
Sewer: Public Sewer