709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
709 IRVING STREET NE
For Sale

709 IRVING STREET NE

709 IRVING STREET NE, WASHINGTON, DC 20017

$2,549,995
709 Irving Street NE is a 5-unit boutique apartment building that has a strong performance history through providing housing for Catholic University students and other members of the burgeoning Brookland and Edgewood communities. The building consists of four (3) bedroom units and a (7) bedroom unit and offers a turnkey 5.23% cap rate investment. The Covid-19 pandemic did not affect asset performance, vacancy or operating expenses, and in 2019 and 2020 the average gross operating income was $205,573 with an average net operating income of $139,235. The building's oversized units have a history of high occupancy rates and monthly market rents that range from $3,000 to $6,386. Complimentary off-street parking is provided for the tenants in the rear. Fully renovated less than 10 years ago, this well-maintained asset eliminates any expenditures for a new operator and is a turnkey investment with no deferred maintenance. All units are separately-metered for electricity, helping an owner control operational expenses, and tenants are responsible for all utilities except trash and recycling.

8,190 Sq.Ft. LIVING AREA

0.12 Acres lot

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area8,190 Sq.Ft.
  • Lot Area0.12 Acres
  • MLS IDDCDC2005008
  • TypeCOMMERCIAL
  • YEAR BUILT1932
  • School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS

Exterior

  • water SourcePublic
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral A/C
  • sewerPublic Sewer
  • SubstructureCombination

Financial

  • Sales Price$2,549,995
  • Real Estate Tax $13,874
  • Zoning RF-1

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