1311 R Street Nw Washington, DC 20009

$4,000,000
6
Beds
7
Baths
0.04
Acres
$4,000,000
6
Beds
7
Baths
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A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.

A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Washington
  • Tax Amount
    $6,660
  • Status
    Active
  • Listing #
    DCDC2190918
  • Built
    2018
  • Lot Size
    0.04
  • Listed on site
    10 days
  • Listing Agent Id
    121136421701
  • Co Listing Agent Id
    121136911895

Listed by:
Compass

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

View

  • City view

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Central Air Conditioning
  • Main Floor Bedroom

Style

  • Contemporary
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Licensed REALTOR® in DC, MD, VA
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Darnell Eaton
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