1615 28th Place SE
Washington, D.C. 20020
The Offering
Summary
- List Price $885,000
- Product Type Multifamily
- Number of Units 5
- Unit Mix 5 - 2BR/1BA
- Price Per Unit $177,000
- Occupancy 0%
- Gross Building Area 4,617 SF
- Lot Size 4,753 SF
- Zoning RF-1
- On-Site Parking 3-5 Spaces
Investment Summary
Feldman Ruel is pleased to offer for sale 1615 28th Place SE, a vacant five-unit multifamily building with parking at the rear of the lot. The subject property is currently configured as five two-bedroom/one-bathroom units and an office unit which could be converted into a sixth multifamily unit. 1615 28th Place SE will require a full gut rehab, but is ideal for either a condominium conversion or subsidized rental. Hillcrest is one of the most desirable submarkets east of the river in Washington, D.C., with more than adequate demand for either execution.
Investment Highlights
• 100% Vacant 5-Unit Multifamily Property | No TOPA
• Property Requires a Gut Rehab | Additional Space Can be Converted to a 6th Unit
• Favorable Unit Mix | 5 Two-Bedroom/One-Bathroom Units
• Separately Metered for Electric & Gas | On-Site Parking
• Situated in Hillcrest, One of the Most Desirable Neighborhoods East of the River
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