Tivoli Place
7.13% Cap Rate | 16 Spacious, Expertly Maintained Units in Columbia Heights | Washington, D.C.
Marketing description
Harbor Stone Advisors is pleased to present Tivoli Place, an expertly maintained multifamily asset in NW Washington, DC. Located in the desirable Columbia Heights neighborhood, residents of Tivoli Place are just steps away from retail, dining, and nightlife.
The property features 16 spacious units with a mix of (1) Efficiency, (5) 1 Br-1 Ba, (8) 2 Br-1 Ba, and (2) 2 Br-2 Ba. Typical unit interiors include white/stainless steel appliances, wood cabinets, granite/marble countertops, and hardwood/tile flooring. There is also a laundry facility on-site, four surface parking spaces, and ten units have a private patio/balcony. The opportunity exists for a new owner to stabilize the property as it is currently 50% occupied, and lease the vacant units up to a 10% max increase over the prior rents in accordance with DC rent control regulations.
Investment highlights
- Opportunity to Acquire an Expertly Maintained Multifamily Asset in NW Washington, DC
- Ability to Lease Up Property and Increase Rents in Accordance with DC Rent Control Regulations
- Excellent Location in Columbia Heights, One of DC's Most Vibrant and Transit-Oriented Neighborhoods
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