1740 Q St NW,
Washington, DC 20009
 
$2,050,000
Offering Price
16.05
GRM
$341,667
Price Per Unit
6
Number of Units
4.17%
Cap Rate
3,440
Building SF
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$2,050,000
Offering Price
16.05
GRM
$341,667
Price Per Unit
6
Number of Units
4.17%
Cap Rate
3,440
Building SF
Investment Opportunity
ULTRA LOW PER-UNIT ENTRY PRICE: of $342k per unit, compared to the 20009 zip code average of $715k/unit for small multifamily over the past 12 months.
OPPORTUNITIES TO INCREASE CASH FLOW: by improving below-market rents, or utilizing the property for short term rentals and/or co-living space.
HIGH-END FINISHES: including gas fireplaces, in-unit laundry, high-end appliances, designer light fixtures, and large bay windows.
SEPARATELY-METERED UTILITIES: tenants pay electric, and there is no gas for the property.
LOW-MAINTENANCE PROPERTY: Fully renovated in 2020, the building will provide a low-maintenance ownership experience through the next decade.
High-Demand Central Location
1740 Q provides incredible access to neighborhood amenities, located directly in between the desirable neighborhoods of Dupont Circle and Logan Circle.
Just a 4 minute walk to the Dupont Circle Metro Station, and less than 1 mile from 6 other metro lines.
Walk Score rating of 99 -- a Walker's Paradise!
The surrounding streets in Dupont Circle are populated by single family townhomes and large multifamily buildings, making this an extremely rare opportunity to own small MF in this highly desirable location.
FOR MORE DETAILS CONTACT
Joseph Rieling
Principal Broker
(240) 676-5174
jrieling@explore.nomadicrealestate.com
BR98375377
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