Kennedy Pl Washington, DC 20011
- Apartment buildings
- 80,000 SF
- 0.55 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Kennedy Pl
- Year built
- 2024
- Lot size
- 0.55 lot acres
- Property size
- 80,000 SF
- Property type
- Apartment buildings
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0375
- Latitude
- 38.9569
