4811 Georgia Avenue NW
Substantially Completed 10-Unit Multifamily Property
Marketing description
Feldman Ruel is pleased to offer for sale 4811 Georgia Avenue NW, a newly-constructed 10-unit multifamily property with two on-site parking spaces. Located in the Petworth neighborhood of Washington, D.C., the subject property will be delivered vacant and, therefore, the sale of the property is not subject to TOPA. 4811 Georgia Avenue NW is being delivered with exterior construction, framing, and MEP systems in place, allowing a purchaser to tailor the completion of the interior construction in accordance with the approved plans and permits or the option to amend the plans to their preferences.
Download the Offering Memorandum: https://listings.feldmanruel.com/properties/4811-georgia-avenue-nw/
Investment highlights
• TOPA-Free Sale Process | Delivered Vacant at Closing
• Value-Add Opportunity | Exterior Construction, Framing and M.E.P. Systems in Place
• Rising Multifamily Rents | Multifamily Rents have Increased 12% Since 2022
• More than 725 Multifamily Units Proposed or Under Construction within a 1-Mile Radius
• On-Site Parking | Easy Access to Public Transit | 0.9 Miles from Georgia Avenue-Petworth Metro Station & Multiple Bus Lines
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