1833 Swann NW St Washington, DC 20009-5532
- Apartment buildings
- 5,671 SF
- 0.08 lot acres
Jan 29, 2024
Current Use by Public Records
- Apartment buildings
Property Details for 1833 Swann NW St
- Year built
- 1941
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Property size
- 5,671 SF
- Zone code
- RA-8
- Property type
- Apartment buildings
- APN
- 0132 0828
- APU
- 1320828
Description
This exceptional 9-unit apartment building, located in Washington, DC's coveted Dupont Circle neighborhood, presents a unique investment opportunity. The property, boasting 5,671 square feet, underwent a complete renovation in 2023, resulting in a turnkey asset ready for immediate occupancy. The two-story brick building features a mix of one and two-bedroom units, each equipped with modern amenities including all-electric systems, central A/C, stainless steel appliances, quartz countertops, LED lighting, LVT flooring, in-unit washer/dryers, and individual water heaters. Building upgrades include a new Yale Wireless Entry System, a Wi-Fi connected security system, a new TPO roof, refurbished windows, and new carpeting in common areas. Currently 100% vacant, this property offers a rare chance to establish rental rates in a highly desirable location without the complexities of existing tenants. The building's prime location offers a Walk Score of 98, placing it within easy walking distance of the Dupont Circle Metro Station (Red Line), numerous restaurants, shops, parks, and other amenities. Furthermore, the property is conveniently located near major bus routes and highways, providing excellent accessibility. The current owner has already filed the necessary documentation for potential future condominium conversion. With strong demographics and high rental potential, this property represents a compelling investment opportunity in a blue-chip location. The asking price is $3,600,000, with a price per unit of $400,000. The property sits on a 3,420 square foot lot and is zoned RA-2. This fee-simple ownership offers a stable and potentially lucrative investment.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,100,000
- ML approach
- $2,100,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,840,000
- 6.5%
- $1,700,000
- 7%
- $1,575,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,546,000
Market price range: $1.26M - $2.84M
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0428
- Latitude
- 38.915
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
