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Multifamily

1625 Butler Street SE

1625 Butler St SE, Washington, DC 20020

Listing Price: $950,000

Cap Rate
5.87%
Number of Units
4
Occupancy
75.0%
Price/Unit
$237,500
Price/Gross SF
$340.75
Gross SF
2,788

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of this four-unit apartment in Anacostia. 1625 Butler Street SE is a fully renovated multifamily building with two two-bedroom/one-bath units and two one-bedroom/one-bath units that are separately metered. Four of the units have been fully renovated in 2021 with newer flooring, newer kitchen cabinets, newer appliances, and newer washer/dryer machines in each unit. The building also has central air and heat for each unit and the building has an electrical heavy-up. This building provides an opportunity for an Investor to purchase a stable cash-flowing building with one vacancy, and three market-rate tenants with 100% collections in 2021 & 2022 in a thriving submarket. 1625 Butler Street SE is located in Anacostia which is experiencing a significant urban renaissance being driven by new residential and commercial development. The property is less than one mile from the Anacostia Metro and less than two miles from the new Saint Elizabeth campus. The new Saint Elizabeth Campus will include over five million square feet of redevelopment on this 350+ acre campus. It will include a new sports and entertainment arena, the 3,700 employee US Coast Guard headquarters, and the new consolidated home for the Department of Homeland Security. Anacostia is becoming the epicenter for future business opportunities.

Investment Highlights

  • Fully renovated Four Unit Apartment
  • Two Bedroom/One Bath Units - All Market Rate Tenants
  • Separately Metered for Gas and Electricity

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

1625 Butler Street SE

Listing Price: $950,000

Cap Rate
5.87%
Number of Units
4
Occupancy
75.0%
Price/Unit
$237,500
Price/Gross SF
$340.75
Gross SF
2,788

Investment Highlights

  • Fully renovated Four Unit Apartment
  • Two Bedroom/One Bath Units - All Market Rate Tenants
  • Separately Metered for Gas and Electricity

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of this four-unit apartment in Anacostia. 1625 Butler Street SE is a fully renovated multifamily building with two two-bedroom/one-bath units and two one-bedroom/one-bath units that are separately metered. Four of the units have been fully renovated in 2021 with newer flooring, newer kitchen cabinets, newer appliances, and newer washer/dryer machines in each unit. The building also has central air and heat for each unit and the building has an electrical heavy-up. This building provides an opportunity for an Investor to purchase a stable cash-flowing building with one vacancy, and three market-rate tenants with 100% collections in 2021 & 2022 in a thriving submarket. 1625 Butler Street SE is located in Anacostia which is experiencing a significant urban renaissance being driven by new residential and commercial development. The property is less than one mile from the Anacostia Metro and less than two miles from the new Saint Elizabeth campus. The new Saint Elizabeth Campus will include over five million square feet of redevelopment on this 350+ acre campus. It will include a new sports and entertainment arena, the 3,700 employee US Coast Guard headquarters, and the new consolidated home for the Department of Homeland Security. Anacostia is becoming the epicenter for future business opportunities.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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