GIANT 12-Unit DC Apartment Building $288K+ Potential Annual Rent $2M+ Value After Stabilization $700K Cash-Out Refinance Opportunity

A 12-unit brick apartment building with the majority of the heavy lifting already completed, offering immediate upside through lease-up and stabilization. Whether you're looking for your next BRRRR, long-term cash-flow asset, or value-add apartment project, this deal has incredible potential.

Property Highlights

• 12 Total Units
• 8,640 Sq Ft
• 10 Recently Renovated Units
• 5 Vacant Rent-Ready Units
• 9 Three-Bedroom Units
• 2 Two-Bedroom Units
• 1 One-Bedroom Unit
• 5-Car Parking Pad
• Brick Construction
• Built in 1951
• Potential Gross Annual Rent: $288,000
• Average Rent: $2,000 per Unit

Financial Snapshot

• Buy Now:  $650,000
• Potential Gross Annual Rent: $288,000
• Projected Operating Expenses: ~$88,000
• Projected NOI: ~$200,000

Potential refinance opportunity after stabilization with substantial equity creation.

Unit Mix

Vacant: Units 101, 202, 204, 302, 303

Occupied: Units 102, 103, 104, 201, 203, 301, 304

Location Highlights

• Located in the Deanwood neighborhood of Washington, DC.
• Approximately 10 minutes to both Deanwood and Minnesota Avenue Metro Stations.
• Minutes from the Maryland line with easy access to Route 50, I-295, East Capitol Street, and Downtown DC.
• Convenient to shopping, parks, schools, and major employment centers.
• Large multifamily assets at this basis are exceptionally difficult to find in the DC market. Whether you're looking to stabilize and refinance, build long-term cash flow, or create significant equity through lease-up, this opportunity checks a lot of boxes.

Call/Text Joshua Shifrin at 917-767-7675 for access or additional information.

• Broker participation is welcome at 3% on top of the purchase price.
• Selling as-is.
• Buyer is responsible for all closing costs and title insurance.
• Strongly prefer to use New World Title Co as the title company.
• Cash or hard money