Listed by Greysteel Company LLC, Greysteel Company LLC Washington, D.C.
$1,500,000
2104 18th Street NW
Details
APN 2554-0000-0815
Property Type Retail, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 3,900
Net Rentable (SqFt) 3,900
Units 3
Occupancy 67%
Tenancy Multi
Pro-Forma Cap Rate 7.48%
Pro-Forma NOI $112,145
Price per SqFt $385
Year Built 1900
Year Renovated 2021
Buildings 1
Stories 4
Lot Size (SqFt) 1,300
Zoning MU-4
Parking Spaces 1 spaces
Parking Per SqFt 0.26
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Stabilized Mixed Use | 3,900 SF
Investment highlights
Strong Investment Opportunity with recently leased retail space and occupied residential units on the 2nd & 3rd levels.
Projected 7.48% Stabilized Cap Rate as of January 1, 2027 at the current asking price of $1,500,000.
Perfect for investors looking for a turnkey investment opportunity with in-place cashflow and future income growth.
Located on 18th Street NW in Adams Morgan, one of DC’s most well-known nightlife destinations, with excellent access to downtown and the residential neighborhoods of NW DC
Listing Contacts
Listed by Greysteel Company LLC, Greysteel Company LLC Washington, D.C.
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