2925-2929 Pennsylvania Ave SE | Washington, DC 20020
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- LoopNet Team
2925-2929 Pennsylvania Ave SE
Washington, DC 20020
Randle Manor · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- High In-Place Cash Flow: Generates $24,269 in gross monthly rent with additional upside by bringing five units to market rates.
- Diverse Unit Mix: Offers 1 one-bedroom, 4 two-bedrooms, 7 three-bedrooms, and 1 four-bedroom, catering to a broad tenant base.
- Thriving Submarket: Surrounded by recent developments like Skyland Town Center & The Shops at Penn Branch, adding 600 units & 100,000+ SF of retail.
- Prime Location: Directly on Pennsylvania Avenue with easy access to I-295, I-495, and the Naylor Road Metro Station.
- Value-Add Potential: Approved plans for 7-8 additional units or income-generating enhancements on the lower level.
- Significant Capital Improvements: +$400,000 in recent upgrades: roof replacement, exterior work, water heater replacement, & unit renovations.
PROPERTY FACTS
| No. Units | 13 | Building Size | 10,154 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1932 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.31 AC | Cross Streets | 30th St SE |
| Zoning | R1B | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 10,154 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1932 |
| Parking Ratio | 1.22/1,000 SF |
| Cross Streets | 30th St SE |
| Zoning | R1B |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 540 |
| 2+1 | 12 | - | 750 - 825 |
PROPERTY TAXES
| Parcel Number | 5583-0806 | Improvements Assessment | $1,384,460 |
| Land Assessment | $527,630 | Total Assessment | $1,912,090 |
PROPERTY TAXES
Parcel Number
5583-0806
Land Assessment
$527,630
Improvements Assessment
$1,384,460
Total Assessment
$1,912,090
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