1103 Fern St Washington, DC 20012

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.