0 Kennedy PlWashington, DC 20011

Property Details for 0 Kennedy Pl

Year built

2024

Lot size

0.55 AC

Property size (Sq ft)

80,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity consists of a portfolio of five Class A apartment buildings located in desirable Washington, D.C. neighborhoods. The portfolio totals 88 units and encompasses approximately 80,000 square feet of net rentable space. Built in 2024, these properties offer a compelling combination of immediate and long-term value. The asking price is $33,450,000, representing a price per square foot of $418.12 and a price per unit of $380,113.64. The portfolio boasts a projected annual net operating income (NOI) of $2,568,000, resulting in a pro-forma capitalization rate of 7.68%. The properties are situated on a combined 0.55 acres of land and offer investors the flexibility to maintain them as high-performing rental units or explore conversion into condominiums. This fee simple ownership opportunity presents a strong return on investment in a market known for its consistent growth in rental values and property appreciation. Detailed financial information and property-specific data are available upon request. This is a rare opportunity to acquire a well-positioned, high-quality multifamily portfolio in the heart of Washington, D.C.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9569

Longitude

-77.0375

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