313-317 Kennedy St Nw Unit 317 Washington, DC 20011

Multi-Family Residence

Beds

Baths

80,000 Sq. Ft.

0.55 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 9/22/2024 3:29 PM

Listing Details

Multifamily Portfolio Sale in DC! Attention, Multifamily Investors! Noble Group with eXp Realty is thrilled to present an exceptional investment opportunityâa prime multifamily portfolio for sale in Washington, D.C. This impressive portfolio comprises five multifamily properties, totaling 88 uni...ts and approximately 80,000 square feet, with a projected annual rental income of $2.5 million and delivery expected in early Fall 2024. Strategically located in highly desirable areas of D.C., these properties offer remarkable flexibility. Whether you opt to continue operating them as high-performing rental units or convert them into condominiums, this portfolio is perfectly suited to a wide range of investment strategies. Listed at $33,450,000, this opportunity promises substantial returns, backed by D.C.âs consistently increasing rental values. Invest in an area renowned for its sustained growth in both demand and property values. With a projected monthly net income of $2,568,000 and a capitalization rate of 7.68%, this portfolio offers a strong and compelling return on investment. Portfolio consists of 5 multifamily properties at 1916-1918 Benning NE, 313-317 Kennedy St NW, 1913 17th St SE, 1600 Good Hope Rd SE, 4521 Iowa Ave NW. Continue reading

MLS#

DCDC2155872

Property Type

Multi-Family

Year Built

2024

Square Feet

80,000 sq. ft

Price per Sq. Ft.

$418.12

Lot Size

0.55