808 Chesapeake Street SEWashington, DC 20032

Description

Value-add opportunity to purchase a renovated 14 unit apartment building with 4 vacancies in Congress Heights. Favorable unit mix with mostly 2 and 3 bedrooms, average size is 857 SF. It may also be possible to combine units and create a 15th apartment in the basement. Pro forma NOI is almost $200,000, a 12.5% cap at the list price. The building has been renovated and features central air as well as renovated kitchens, baths, and flooring in most units. Sub metered for electric and gas. There is on-site parking for at least 10 cars. The property is located less than a mile away from the Eastover Shopping Center that is anchored by a Giant. Additional transformative development east of the Anacostia river includes Skyland Town Center and St. Elizabeth's.

Property Information

Property type

Commercial Sale

Year built

1963

Building area

14,481 Sq Ft

Lot size

0.37 acres

Parking spaces

10

Zoning

RF-1

Days on market

1

MLS^® Listing#

DCDC2266890

Property Features

Appliances

Gas Water Heater

Cooling

Central Air · Electric

Heating

Natural Gas · Central

Parking

Parking Lot

Construction

Brick

Foundation

Brick/Mortar

Sewer

Public Sewer

Water source

Public

Schools

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Financial Details

Annual taxes

$12,780Tax year 2025

Assessed value

$1,561,490

Parcel number

6160//0873

Directions

GPS