For Sale
$7,500,000

4951 G St Washington, DC 20019

Prime DC Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 45-unit apartment complex in Washington, DC's Marshall Heights neighborhood presents a compelling investment opportunity. Priced at $7,500,000, this Class C property boasts four buildings with recently installed roofs and resurfaced parking lots. The property features a significant advantage: an assumable mortgage of $6.5 million at a low 3.16% interest rate over a 30-year term. Further enhancing its appeal, solar panels on the roofs generate supplemental income via a lease agreement. The unit mix is advantageous, with over half being three-bedroom units. Current rents are below market value, offering immediate potential for substantial rent increases upon lease renewals. This represents a sound, sustainable investment with significant immediate income and long-term growth potential in a burgeoning community. The property's recent upgrades, combined with the attractive financing and income-generating solar panels, make this a truly unique opportunity. This multifamily asset offers a strong positive net operating income and a chance to capitalize on the upward trajectory of the Marshall Heights market. The property is located at 4951 G St SE, Washington, DC 20019.

Highlights

  • $7,500,000 asking price for a 45-unit apartment complex in Washington, DC.
  • Assumable mortgage at 3.16% interest with a $6.5 million balance and 30-year term.
  • Located in the Marshall Heights neighborhood of Washington, DC.
  • Four-building complex with new roofs, resurfaced parking lots, and solar panels generating lease income.
  • Unit mix includes a majority of three-bedroom units, with below-market rents offering significant upside potential.

Property Details for 4951 G St

Property type
Apartment buildings
Class
C
Units
45

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.8812543
Longitude
-76.9326223

FAQs

What type of property is this?
Apartment building - Prime DC Multifamily Investment
Where is the apartment building located?
The property is located at 4951 G St Washington, DC.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a 45-unit apartment complex in Washington, DC.; Assumable mortgage at 3.16% interest with a $6.5 million balance and 30-year term.; Located in the Marshall Heights neighborhood of Washington, DC.
How can I contact the broker?
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4951 G St
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