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$ 1,500,000
Est. payment /mo
Active
2822 28TH ST SE Washington, DC 20020
4,881 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 4,881 Sqft
MLS Listing ID DCDC2224826
Total Units 6
Short Sale No
Originating MLS BRIGHT
Property Description
Introducing an exceptional investment opportunity in Washington, DC! Welcome to 2822 28th Street, SE a charming multifamily property with six units, located in the sought-after area of Washington, DC. This well-maintained building, constructed in 1943, boasts a total of 4,658 square feet and sits on a land area of 4,481 square feet. Featuring a mix of spacious 1 and 2-bedroom units, the property offers a lucrative investment with a projected cap rate of 8.11%. With a market cap rate of 5%, this property presents a compelling opportunity for investors seeking stable returns.
The units are projected to yield an annual total income of $169,800. This property is not just a place to live but also a savvy investment choice in a prime location. Residents will enjoy the added convenience of three dedicated parking spaces. Ideally located, this property is just steps from the lush expanses of Dupont Park and the scenic beauty of Hillcrest Garden, making it perfect for outdoor enthusiasts. For the active nature lovers, the proximity to the George Washington Carver Nature Trail offers a tranquil escape into the area's natural beauty. The Anacostia Neighborhood Library, with its wealth of resources and community programs, is also nearby.
Whether you're an investor aiming to expand your portfolio or seeking a multifamily property with strong income potential, this apartment building provides an unparalleled opportunity. Don't miss the chance to own and add a valuable asset to your portfolio in the vibrant DC market!
The units are projected to yield an annual total income of $169,800. This property is not just a place to live but also a savvy investment choice in a prime location. Residents will enjoy the added convenience of three dedicated parking spaces. Ideally located, this property is just steps from the lush expanses of Dupont Park and the scenic beauty of Hillcrest Garden, making it perfect for outdoor enthusiasts. For the active nature lovers, the proximity to the George Washington Carver Nature Trail offers a tranquil escape into the area's natural beauty. The Anacostia Neighborhood Library, with its wealth of resources and community programs, is also nearby.
Whether you're an investor aiming to expand your portfolio or seeking a multifamily property with strong income potential, this apartment building provides an unparalleled opportunity. Don't miss the chance to own and add a valuable asset to your portfolio in the vibrant DC market!
Location
State DC
County Washington
Zoning R-5
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 3
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 3
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District District Of Columbia Public Schools
Others
Tax Amount $6,310
Tax Year 2024
Tax ID 5729/W/0006
Ownership Fee Simple
Special Sale Standard
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Listed by Kalonji Foreman • Compass
Anita Mohamed
Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410
+1(347) 903-3025 | stagesite-3.test@chime.me