4,984 SqFt
4,984 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,984 sqft
Price per Sqft $361
MLS Listing ID DCDC2150208
Originating Board BRIGHT
Year Built 1948
Annual Tax Amount $4,645
Tax Year 2017
Property Description
1260 Holbrook Terrace NE is ideal for an Investor who is seeking to own a cash flowing, fully stabilized housing complex. A total of 4830 SF in six units. The two lower units 480 SF and 600 SF each, with 2BD/2BA. The two middle units are 600 and 635 sf each with 3BR/2BA. The two top level units are 600 and 635 SF each with 4BR/2.5BA. Once this building is stabilized an Investor can achieve a 7.5% +/- CAP Rate.
This H-Street/Benning Road corridor also known as "Downtown Ward 7", is experiencing substantial mixed-use development. Adjacent to Gallaudet University, the premier national university for hearing impaired students, Trinidad has a guaranteed pipeline of tenants due to section 8 status. Adjacent H St corridor shopping and restaurant district is connected directly to Union Station via the DC Street Car, providing government and private industry employees a convenient residential neighborhood just minutes from downtown DC, Union Station, and Capitol Hill. The neighborhood also serves as the headquarters for major employers such as Pepco, DC’s Department of Employment Services, and Unity Health Care. This corridor is experiencing substantial public and private investment which is generating exciting opportunities for small businesses to grow.1260 Holbrook Terrace NE sits blocks away from entertainment/eatery options in Union Market and from major retailers on the H Street corridor. The District Department of Transportation (DDOT) has initiated the final design phase of the "Benning Road Bridge and Transportation Improvement" project. This final design phase will improve Benning Road NE by expanding the route of the DC streetcar, all the way to Georgetown, and by widening lanes for bicycle users and it will make this corridor more walkable.
All showings must be coordinated through the listing agent, and occur with the listing agent present. Recommend you drive to the site and see the exterior yourself before contacting the listing agent. Offer requires a 5% deposit, with a proof of fund letter from the buyer's bank.
Location
State DC
County Washington
Zoning RF1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Inclusions All appliances
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4055//0049
Ownership Condominium
Special Listing Condition Standard
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