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1405-1409 Doewood Ln
Capitol Heights, MD 20743

SunHaven Apartments · Multifamily Property For Sale · 36 Units

Investment Highlights

  • A 36-unit property in Capitol Heights, MD, offers new ownership the choice to redevelop into a 72-unit project or enhance the existing 36 units.
  • Additional improvements like parking lot repaving and facade painting can boost curb appeal and rental income.
  • Future development potential includes already created plans for a 72-unit project, making it optional for new ownership to quickly undertake.
  • Positioned amid ongoing redevelopment, it has a significant value-add opportunity with potential $200 rental premiums.
  • Situated just outside NE Washington, D.C., the property avoids DC rent control and TOPA regulations.

PROPERTY FACTS

No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 3.68 AC
Building Size 27,450 SF
Average Occupancy 83%
No. Stories 3
Year Built 1973
Parking Ratio 1.46/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 - 600 - 650
2+1 18 - 810

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-1990936
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,888,733

zoning

Zoning Code RMF-20
RMF-20
  • Listing ID: 30887833

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 1405-1409 Doewood Ln, Capitol Heights, MD 20743

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