For Sale
$2,270,000

1103 Fern StWashington, DC 20012

10-unit building, 7.58% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10-unit apartment building, located at 1103 Fern St NW in Washington, DC's desirable Shepherd Park neighborhood, presents a compelling investment opportunity. Built in 2022, this multifamily property boasts a 7.58% cap rate and a pro-forma NOI of $172,018. The asking price is $2,270,000, translating to $227,000 per unit. Situated on a 0.08-acre lot and zoned MU-4, the property benefits from its proximity to the expansive 66-acre Walter Reed development, featuring retail, entertainment, hotels, offices, healthcare facilities, schools, and extensive parkland. Residents enjoy convenient access to shops, restaurants, parks, and public transportation. Each of the ten units is designed for functionality and efficient space utilization. This represents a rare opportunity to acquire a modern, green building in a prime location, offering significant potential for long-term investment growth. The property's modern design and desirable location make it an attractive option for both investors and residents. This is a limited-time offer, with a closing date in September.

Highlights

  • Prime Shepherd Park location offering unmatched convenience.
  • Only 5 units remaining; September closing required for special pricing.
  • Bright, spacious, energy-efficient units in a new green building.
  • Adjacent to the 66-acre Walter Reed development with retail, entertainment, and more.
  • Combines urban convenience with neighborhood charm; near shops, restaurants, parks, and transit.
  • Exceptional investment opportunity with strong long-term growth potential.

Property Details for 1103 Fern St

Property type
Apartment buildings
Year Built
2022
Lot Size (sq. ft)
3,485 SF
Units
10

Location Insight

City
Washington
County
Washington
State
District of Columbia
Latitude
38.978225
Longitude
-77.0268405
1103 Fern St, Washington, District of Columbia

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1103 Fern St
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