1721 T St SE
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1721 T St SE Immeuble residentiel 20 lots À vendre Washington, DC 20020
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Value-Add: 1721 T Street SE is a 20-unit property in Randle Heights with high vacancy. Feasibility studies support adding 10 more units.
- Value-Add Potential: With 11 vacant units, new owners can begin renovations immediately to boost returns and refinance sooner.
- Prime Location: Surrounded by major redevelopment projects, the area is poised for strong growth and rental demand.
- Development Upside Preliminary plans show potential to expand to 36 units, enhancing long-term value.
RÉSUMÉ ANALYTIQUE
THE OPPORTUNITY
1721 T Street SE is a 20-unit apartment community made up of nine one bedroom and eleven two-bedroom apartments located in the Randle Heights neighborhood of SE Washington, DC. The Property’s high vacancy and location in the path of development makes an ideal value-add opportunity. Future owners also benefit from extensive feasibility conducted by the current owners into adding an additional 10 units to on the site.
SURROUNDED BY REDEVELOPMENT
The Property is perfectly positioned to capitalize on the area’s growth. Nearby projects such as MLK Gateway, Reunion Square, 11th Street Bridge Park, Skyland Town Center, and Barry Farms are set to deliver over three million square feet of office space and 275,000 square feet of new retail. This downtown location will be in high demand among both future renters and savvy investment professionals alike.
IMMEDIATE VALUE-ADD OPPORTUNITY
Eleven of the 20 units are currently vacant, allowing new ownership to quickly implement their value-add plan immediately upon acquisition. This allows new ownership to stabilize the asset earlier in its investment cycle, thereby increasing cash yields and potentially allowing a quicker cash-out refinancing.
FUTURE DEVELOPMENT POTENTIAL
Current ownership has completed significant feasibility studies in pursuit of adding a fourth floor, rear addition, and penthouse to the site. Preliminary architectural drawings, which were recently completed by the owner and are available to new ownership, demonstrate the opportunity to add 10 units to the Property and improving the unit mix to one efficiency unit, 14 one-bedroom units, 11 two-bedroom units, and four three-bedroom units allowing new ownership to create significant value in the future without any immediate commitment to doing so.
1721 T Street SE is a 20-unit apartment community made up of nine one bedroom and eleven two-bedroom apartments located in the Randle Heights neighborhood of SE Washington, DC. The Property’s high vacancy and location in the path of development makes an ideal value-add opportunity. Future owners also benefit from extensive feasibility conducted by the current owners into adding an additional 10 units to on the site.
SURROUNDED BY REDEVELOPMENT
The Property is perfectly positioned to capitalize on the area’s growth. Nearby projects such as MLK Gateway, Reunion Square, 11th Street Bridge Park, Skyland Town Center, and Barry Farms are set to deliver over three million square feet of office space and 275,000 square feet of new retail. This downtown location will be in high demand among both future renters and savvy investment professionals alike.
IMMEDIATE VALUE-ADD OPPORTUNITY
Eleven of the 20 units are currently vacant, allowing new ownership to quickly implement their value-add plan immediately upon acquisition. This allows new ownership to stabilize the asset earlier in its investment cycle, thereby increasing cash yields and potentially allowing a quicker cash-out refinancing.
FUTURE DEVELOPMENT POTENTIAL
Current ownership has completed significant feasibility studies in pursuit of adding a fourth floor, rear addition, and penthouse to the site. Preliminary architectural drawings, which were recently completed by the owner and are available to new ownership, demonstrate the opportunity to add 10 units to the Property and improving the unit mix to one efficiency unit, 14 one-bedroom units, 11 two-bedroom units, and four three-bedroom units allowing new ownership to create significant value in the future without any immediate commitment to doing so.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 0,1 ha |
| Nb de lots | 20 | Surface de l’immeuble | 1 049 m² |
| Type de bien | Immeuble residentiel | Nb d’étages | 3 |
| Sous-type de bien | Appartement | Année de construction | 1960 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 0,08/1 000 m² |
| Classe d’immeuble | C | Zonage | RA-2 |
| Type de vente | Investissement |
| Nb de lots | 20 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,1 ha |
| Surface de l’immeuble | 1 049 m² |
| Nb d’étages | 3 |
| Année de construction | 1960 |
| Ratio de stationnement | 0,08/1 000 m² |
| Zonage | RA-2 |
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+2 | 11 | - | - |
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Walk Score®
Très praticable à pied (78)
TAXES FONCIÈRES
| Numéro de parcelle | 5612-0069 | Évaluation des aménagements | 1 157 011 € |
| Évaluation du terrain | 420 250 € | Évaluation totale | 1 577 261 € |
TAXES FONCIÈRES
Numéro de parcelle
5612-0069
Évaluation du terrain
420 250 €
Évaluation des aménagements
1 157 011 €
Évaluation totale
1 577 261 €
CONTACTS
-
Max Goldstein -
Kyle Tangney -
Herb Schwat -
Nigel Crayton -
Yassi Ghashghai -
Greysteel Holdings
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1721 T St SE
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