4951 G SE St Washington, DC 20019-5980
- Apartment buildings
- 42,794 SF
- 0.93 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4951 G SE St
- Year built
- 1967
- Construction
- BRICK
- Lot size
- 0.93 lot acres
- Property size
- 42,794 SF
- Zone code
- R-2
- Property type
- Apartment buildings
- APN
- 5342 0019
- APU
- 53420019
Description
This exceptional 45-unit apartment complex in Washington, DC's Marshall Heights neighborhood presents a compelling investment opportunity. Priced at $7,500,000, this Class C property boasts four buildings with recently installed roofs and resurfaced parking lots. The property features a significant advantage: an assumable mortgage of $6.5 million at a low 3.16% interest rate over a 30-year term. Further enhancing its appeal, solar panels on the roofs generate supplemental income via a lease agreement. The unit mix is advantageous, with over half being three-bedroom units. Current rents are below market value, offering immediate potential for substantial rent increases upon lease renewals. This represents a sound, sustainable investment with significant immediate income and long-term growth potential in a burgeoning community. The property's recent upgrades, combined with the attractive financing and income-generating solar panels, make this a truly unique opportunity. This multifamily asset offers a strong positive net operating income and a chance to capitalize on the upward trajectory of the Marshall Heights market. The property is located at 4951 G St SE, Washington, DC 20019.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,100,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,541,000
Market price range: $1.42M - $3.13M
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9323
- Latitude
- 38.8811
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA