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About This Home
This 0-bedroom, 0-bathroom other at 525 7TH Street NE in Washington, DC is listed for $2,250,000. Built in 1954, on a 0.05 acres lot.
Rare value-add opportunity to purchase 9 unit building with rent upside in Capitol Hill. The building has 2 vacancies and the most recent lease signed was at $3,100/month (HCVP) for a renovated 2 bedroom/1 bath. Rents for legacy tenants are lower. Pro forma NOI is almost $175,000, a 7.8% cap at the list price.
The building has comparably large units for the area. Out of 9 units, 5 have already been converted to 2 bedroom/ 1 bath. The rest of the units are 1 bedrooms and there is an opportunity to convert them to 2s on turns. Utilities are sub metered. All units feature central heat and 5 also have central cooling (the others have window A/C).
There are 4 parking spaces in the rear. The property is in historic Capitol Hill. Walk score is 83. Nearby amenities include Whole Foods (0.3 mi), Union Station (0.7 mi), Trader Joe's (0.9 mi), and Stanton Park (0.3 mi).
Key Features
- Built in 1954
- 0.05 acre lot
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$12,033/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
525 7TH Street NE
Washington, DC 20002
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 525 7TH Street NE is listed at $2,250,000. The estimated monthly payment is $9,750 based on 20% down at 6.5% interest.
Key features include: Built in 1954, 0.05 acre lot, 4 parking spaces.
This property is listed by Stefan Rosu and can be reached at 7032972730 or stefanrosu@kw.com.
