2723 Jasper St SE
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2723 Jasper St SE
5 Unit Apartment Building $775,000 ($155,000/Unit) 12.50% Cap Rate Washington, DC 20020
Investment Highlights
- Excellent Location, Close to Skyland Town Center
- Large Finished Basement
- RA-1 Zoning Allows Room for Expansion
- Fully Detached Building
Executive Summary
Motivated seller! Large standalone five unit building for sale in Randle Heights. All units are 3 bedroom. Units 1 through 4 have 1 bathroom while the basement unit has 2 bathrooms. Only unit 3 is occupied ($1,200/mo), the others are vacant and can each be rented for $2,500/mo through the voucher program (including utilities). All units have central air. Pro forma NOI is over $97,000!
Excellent location, building is walking distance to the Skyland Town Center and other local shops. Lot is 5,346 SF. Zoning is RA-1 and many nearby properties with the same zoning and lot size have already been expanded to 6+ units! Building has a large finished basement with separate access and an owner's office. Great for investors. Please see the Offering Memorandum for more information!
Excellent location, building is walking distance to the Skyland Town Center and other local shops. Lot is 5,346 SF. Zoning is RA-1 and many nearby properties with the same zoning and lot size have already been expanded to 6+ units! Building has a large finished basement with separate access and an owner's office. Great for investors. Please see the Offering Memorandum for more information!
Property Facts
| Price | $775,000 | Apartment Style | Low Rise |
| Price Per Unit | $155,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,101 SF |
| Cap Rate | 12.50% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment |
| Price | $775,000 |
| Price Per Unit | $155,000 |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.12 AC |
| Building Size | 4,101 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1945 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | - | - |
| 3+2 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 5725-0007 | Improvements Assessment | $376,700 |
| Land Assessment | $165,890 | Total Assessment | $542,590 |
PROPERTY TAXES
Parcel Number
5725-0007
Land Assessment
$165,890
Improvements Assessment
$376,700
Total Assessment
$542,590
zoning
| Zoning Code | RA-1 |
| RA-1 |
-
Stefan Rosu -
Keller Williams Capital Properties
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2723 Jasper St SE
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