2117 M St NE
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2117 M St NE
5 Unit Apartment Building $1,399,000 ($279,800/Unit) Washington, DC 20002
INVESTMENT HIGHLIGHTS
- Prime investment opportunity in the vibrant heart of Washington, DC.
- Construction cost estimated between $1.1-$1.2M
- Gross Rental Potential $408K.
- Remarkable 17 Unit Condo Conversion Delivered with plans and permits.
- Projected out-sale can range from $4.2M - $4.5M.
- ARV based on $525/SF - $600/SF
EXECUTIVE SUMMARY
• Prime investment opportunity in the vibrant heart of Washington, DC.
• Remarkable 17 Unit Condo Conversion Delivered with plans and permits.
• Construction cost estimated between $1.1-$1.2M.
• Projected out-sale can range from $4.2M - $4.5M.
• Gross Building Area 7,322 SF
• Gross Rental Potential $408K.
• ARV based on $525/SF - $600/SF
•14 One Bedroom; 2 One bedroom with private terrace; 1 penthouse with 2 bedrooms and a private terrace.
• 4 parking spaces.
• Plans prepared by R. MICHAEL CROSS DESIGN GROUP. Their focus is multifamily condo conversion.
• This project is shovel ready with all permits and plans in place.
• Remarkable 17 Unit Condo Conversion Delivered with plans and permits.
• Construction cost estimated between $1.1-$1.2M.
• Projected out-sale can range from $4.2M - $4.5M.
• Gross Building Area 7,322 SF
• Gross Rental Potential $408K.
• ARV based on $525/SF - $600/SF
•14 One Bedroom; 2 One bedroom with private terrace; 1 penthouse with 2 bedrooms and a private terrace.
• 4 parking spaces.
• Plans prepared by R. MICHAEL CROSS DESIGN GROUP. Their focus is multifamily condo conversion.
• This project is shovel ready with all permits and plans in place.
PROPERTY FACTS
| Price | $1,399,000 | Building Class | C |
| Price Per Unit | $279,800 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 7,322 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,399,000 |
| Price Per Unit | $279,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,322 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 1.37/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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PROPERTY TAXES
| Parcel Number | 4467-0005 | Improvements Assessment | $227,040 |
| Land Assessment | $423,570 | Total Assessment | $650,610 |
PROPERTY TAXES
Parcel Number
4467-0005
Land Assessment
$423,570
Improvements Assessment
$227,040
Total Assessment
$650,610
ZONING
| Zoning Code | RA-2 |
| RA-2 |
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2117 M St NE
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