Multifamily
Overlook Condominiums
215 Newcomb St SE, Washington, DC 20032
Listing Price: Request For Offer
Investment Overview
As the exclusive listing broker, Marcus & Millichap is excited to present Overlook Condominiums, a 48-unit condominium building that is currently operating as a multifamily rental property. The asset is located on a quiet residential street within the rapidly growing Congress Heights neighborhood of Southeast DC, just 0.6 miles from the St. Elizabeths East, one of the largest developments in the DC area. The property is also located just over one mile from the Congress Heights Metro Station, providing convenient access to Public Transportation. Overlook Condominiums presents an exciting opportunity for investors to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Investment Highlights
- Favorable Unit Mix and Ability to Add Bedrooms to Select Units
- Rent Control Exemption
- Completed Condominium Conversion
- Located Near St. Elizabeths East and the Congress Heights Metro Station
- Self-Contained, All Electric Units
- 22% Vacant Asset
Investment Overview
As the exclusive listing broker, Marcus & Millichap is excited to present Overlook Condominiums, a 48-unit condominium building that is currently operating as a multifamily rental property. The asset is located on a quiet residential street within the rapidly growing Congress Heights neighborhood of Southeast DC, just 0.6 miles from the St. Elizabeths East, one of the largest developments in the DC area. The property is also located just over one mile from the Congress Heights Metro Station, providing convenient access to Public Transportation. Overlook Condominiums presents an exciting opportunity for investors to acquire an asset with significant value-add potential in a rapidly appreciating submarket primed for future growth.
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
