Washington is located in District of Columbia. Washington, D.C. has a population of 701,527. 13.1% of the households in Washington, D.C. contain married families with children. The county average for households married with children is 18%.
The median household income in Washington, D.C. is $98,902. The median household income for the surrounding county is $98,902 compared to the national median of $66,222. The median age of people living in Washington D.C. is 38.7 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 43.7 inches per year, with inches of snow per year.
Totally renovated in 2024, this building is 100% vacant and ready to provide plenty of income to the right owner! Brand new construction and renovations to all 6 apartments. All units include: new appliances including: washer and dryer, dishwasher, microwave, gas oven and more. The building has intercoms allowing video of guests at the front door and electric door locks controlled by the intercom. Two storage closets in the building, cement pad for trash cans and security cameras on each side of the building. This area of Deanwood features newly opened restaurants, bars, markets., and Wal Mart! Close to 295 which offers quick access to Downtown DC, Maryland and Northern Virginia. Features include: Central heating and A/C, on street parking, internet included.
THE OPPORTUNITY: Foote Flats is a 12-unit multifamily building located in the highly desirable Deanwood neighborhood. This property offers a prime opportunity for value creation though a combination of physical upgrades and repositioning. SIGNIFICANT VALUE-ADD POTENTIAL: The building offers multiple avenues for increasing revenue. Current rents are well below market levels, with comparable units in the area achieving higher rents. Investors can further capitalize by reconfiguring units, optimizing layouts, and leveraging current vacancies to increase gross rental income. ABOVE-AVERAGE UNIT SIZES: The units are larger than typical comparables in the area, offering flexibility for a new owner. This additional square footage presents conversion opportunities-such as transforming one-bedroom units into two-bedroom configurations and two-bedrooms into three-bedroom layouts-further enhancing the assets value and return on investment. PRIME, WELL-CONNECTED LOCATION: The Property is located just a 15-minute walk from the Capitol Heights Metro Station and sits directly adjacent to Eastern Avenue, with convenient access to multiple bus routes. This central location offers excellent connectivity across the DMV region, meeting the growing demand for housing options with easy access to public transportation. PROXIMITY TO HD WOODSON HIGH SCHOOL: The Propertys proximity to HD Woodson High School offers a strategic advantage. Being just a block away from this newly renovated school with modern facilities and active community programs makes the location especially attractive to families. This appeal is likely to drive demand for larger units, foster long-term leases, and enhance the overall neighborhood desirability.
Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9%+ Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), unit 3 (2 bedroom/1 bath, $1,475/month) and unit 5 (2 bedroom/1 bath, $1,757/month). Units 4 and 5 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant unit. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters. Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
THIIS LAND IS OPEN FOR AN ASTUTE DEVELOPER WITH A GREAT VISION, THIS IS RIGHT ON THE BORDER BETWEEN WASHINGTON DC AND MARYLAND , IT PRESENT GOOD OPPORTUNITY FOR A DEVELOPER
Great opportunity to own a piece of property in DC. Nice office with new kitchen and bath. Awesome place to meet your clients.
Incredible Opportunity in Hot Deanwood! Over 3400 Sqft On 2 Levels, Zoned R-2, on a 5,188 sqft Lot! Previously used a religious facility. Upper Level Set Up with Large Open Room, Elevator, and Office plus Staircase in Rear. Lower Level features Large Open Room, Kitchen, Two Commercial Bathrooms, and Storage. Less than a Mile to Minnesota Ave Metro! Restaurants, Grocery, Parks and Schools within Walking Distance. Just Minutes to 295, Benning and E Capitol St. Fast Growing Area and Centrally Located.
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