3427 13Th St Washington, DC 20010

This 16-unit apartment building in Washington, DC's vibrant Columbia Heights neighborhood presents a compelling investment opportunity. The property, built in 1911 and totaling 13,852 square feet on a 6,578 square foot lot, boasts a mix of studio, one-, and two-bedroom units, averaging 786 square feet each. Current in-place rents average $1,928 per unit, with significant potential for rent increases due to below-market pricing. Modern upgrades such as granite countertops, stainless steel appliances, hardwood floors, and in-unit laundry enhance the appeal. The building's prime location offers easy access to the 11th Street Restaurant District, 14th Street, Georgia Avenue, and the Columbia Heights Metro Station (Green Line), reflected in its high Walk (95), Transit (78), and Bike (91) Scores. The property is zoned RF-1 and features on-site laundry and some screened-in porches. A TOPA clearance ensures a smooth closing process, making this an ideal opportunity for 1031 exchange buyers. The building's strong occupancy history and potential for rent growth contribute to its significant income-generating potential. The asking price is $4,600,000. The property's address is 3427 13th St NW, Washington, DC 20010.