MULTI-FAMILY RENTAL PORTFOLIO AVAILABLE
**Purchase an individual bundle or the entire portfolio**
BUNDLE #1
- 8 apartment buildings in NE Washington, DC
- 102 rental units
- Cap rate: 6.62%
- NOI: $644K+
Price:$9,735,000
BUNDLE #2
- 6 apartment buildings in NE Washington, DC & 3 apartment buildings in Capitol Heights, MD
- 113 rental units + a 2 acre land parcel
- Cap rate: 6.06%
- NOI: $496K+
Price: $8,200,000
VALUE-ADD OPPORTUNITIES:
- Increasing rents to market-rate
- Utilizing the housing choice voucher program (i.e., section 8) to command above market-rate rents
- Immediate and future condo conversion possibility
- Conversion to tenant-covered utilities
- Basic unit upgrades
Sellers have counsel in place to manage the TOPA process with tenants. Rent rolls and current financials are available to qualified buyers.
Offering