Description
This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the propertys proximity makes it an ideal investment for student housing, as well as for professionals drawn to the areas bustling cultural, diplomatic, and business environments.Dupont Circles rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhoods proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
-
0BEDS
-
0.02ACRES
-
0BATHS
-
01/2 BATHS
-
3,024SQFT
-
$761$/SQFT
Description
This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the propertys proximity makes it an ideal investment for student housing, as well as for professionals drawn to the areas bustling cultural, diplomatic, and business environments.Dupont Circles rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhoods proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or AJ Team Realty | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-17T20:51:15.33.