About This Home
This 0-bedroom, 0-bathroom other at 808 CHESAPEAKE Street SE in Washington, DC is listed for $1,620,000. Built in 1963, on a 0.37 acres lot.
Key Features
- Built in 1963
- 0.37 acre lot
- 10 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$8,664/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
808 CHESAPEAKE Street SE
Washington, DC 20032
CONGRESS HEIGHTS
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 808 CHESAPEAKE Street SE is listed at $1,620,000. The estimated monthly payment is $8,665 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1963, 0.37 acre lot, 10 parking spaces.
This property is listed by Stefan Rosu and can be reached at 7032972730.