808 Chesapeake St SE,WASHINGTON, DC 20032
WASHINGTON, DC 20032
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.
Details
| MLS # | DCDC2266890 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1963 |
| Days On Site | 114 |
| Listing Provided By | Keller Williams Capital Properties | Stefan Rosu |
Features
| Units | 14 |
|---|---|
| Zoning | RF-1 |
| Acreage | 0.37 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 12780 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $1,620,000 low | high Med: $117,500 On site: 114 low | high Med: 83.5 | |
Market Activity 20032
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $1,620,000 low | high Med: $117,500 On site: 114 low | high Med: 83.5 | |
