Description
An outstanding opportunity to acquire a fully occupied seven-unit apartment building generating a current Net Operating Income (NOI) of $74,580.99. Generating a 9.3% cap rate, this well-performing asset features an attractive unit mix of six spacious 3-bedroom, 1-bath apartments and one studio unit, providing a desirable combination of family-sized housing and flexible rental options.With stable occupancy and consistent income, this property offers investors immediate cash flow and long-term appreciation potential. The predominance of large three-bedroom units creates strong tenant demand and the potential for continued rental growth.Ideally situated in Southeast Washington, DC, the property is conveniently located near Congress Heights and Anacostia Metro Stations, providing easy access throughout the District. Residents enjoy proximity to St. Elizabeths East, the Entertainment & Sports Arena, Gateway DC, and the Department of Homeland Security headquarters, all of which continue to drive investment and employment in the area. Outdoor enthusiasts will appreciate nearby Fort Stanton Park, Anacostia Park, and miles of walking and biking trails along the Anacostia River. Everyday conveniences include neighborhood shopping, restaurants, grocery stores, schools, and multiple Metrobus routes.Whether you're looking to expand an existing multifamily portfolio or acquire a stable, income-producing asset with strong fundamentals, this turnkey investment offers an exceptional combination of reliable cash flow, desirable unit composition, and long-term upside in the nation's capital. One vacant unit offers an opportunity for immediate increase in cash flow.
Description
An outstanding opportunity to acquire a fully occupied seven-unit apartment building generating a current Net Operating Income (NOI) of $74,580.99. Generating a 9.3% cap rate, this well-performing asset features an attractive unit mix of six spacious 3-bedroom, 1-bath apartments and one studio unit, providing a desirable combination of family-sized housing and flexible rental options.With stable occupancy and consistent income, this property offers investors immediate cash flow and long-term appreciation potential. The predominance of large three-bedroom units creates strong tenant demand and the potential for continued rental growth.Ideally situated in Southeast Washington, DC, the property is conveniently located near Congress Heights and Anacostia Metro Stations, providing easy access throughout the District. Residents enjoy proximity to St. Elizabeths East, the Entertainment & Sports Arena, Gateway DC, and the Department of Homeland Security headquarters, all of which continue to drive investment and employment in the area. Outdoor enthusiasts will appreciate nearby Fort Stanton Park, Anacostia Park, and miles of walking and biking trails along the Anacostia River. Everyday conveniences include neighborhood shopping, restaurants, grocery stores, schools, and multiple Metrobus routes.Whether you're looking to expand an existing multifamily portfolio or acquire a stable, income-producing asset with strong fundamentals, this turnkey investment offers an exceptional combination of reliable cash flow, desirable unit composition, and long-term upside in the nation's capital. One vacant unit offers an opportunity for immediate increase in cash flow.
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