Skip to main content

Multifamily

4909 Ayers Place SE

4909 Ayers Pl SE, Washington, DC 20019

Listing Price: $1,510,000

Cap Rate
7.14%
Number of Units
13
GRM
7.52
Occupancy
97.0%
Price/Unit
$116,154
Price/Gross SF
$166.45
Gross SF
9,072

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 4909 Ayers Place SE Washington DC, a thirteen-unit apartment in the Marshall Heights subdivision.

This 9,216 SF building on a .18 parcel has a unit mix of six one-bedroom/one-bath units and seven two-bedroom/one-bath units, with most of the units being recently renovated. Recent updates include newer windows, water heaters (2), flooring, appliances, kitchen cabinets, and a new roof in 2019. This building also has onsite parking for approximately seven cars.

4909 Ayers Place SE provides an owner an opportunity to achieve a 7.20% CAP rate once the three vacant units are filled. Furthermore, value can be added by converting the units from central metered heat to individual metered heat. A cost savings of approximately $8,000 per year.

Marshall Heights is experiencing significant revitalization with new retail and residential development occurring throughout this subdivision. Upcoming development includes the Fletcher-Johnson mixed-use project, which is five blocks away from the subject property. This development will include 870 mixed-income residential units and 45,000 SF of retail space.

4909 Ayers Place SE is located six blocks from the Benning Road Metro and this property is located within walking distance from the planned Benning Road Streetcar Expansion which will connect to the H Street corridor and Union Station.

Investment Highlights

  • An Attractive Unit Mix of Six - One Bedroom/One Bath and Seven Two Bedroom/One Bath Units
  • Recent Unit Upgrades to Most of the Units, Including Newer Windows, Water Heaters (2), Flooring, and Roof.
  • Additional Income from the Laundry Units (2)
  • Nine Subsidized Tenants and One Market Rate Tenant
  • Mastered Metered for Heat and Gas Cooking
  • Rental Upside by Filling the Three Vacancies with Market Rate Tenants.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

Multifamily

4909 Ayers Place SE

Listing Price: $1,510,000

Cap Rate
7.14%
Number of Units
13
GRM
7.52
Occupancy
97.0%
Price/Unit
$116,154
Price/Gross SF
$166.45
Gross SF
9,072

Investment Highlights

  • An Attractive Unit Mix of Six - One Bedroom/One Bath and Seven Two Bedroom/One Bath Units
  • Recent Unit Upgrades to Most of the Units, Including Newer Windows, Water Heaters (2), Flooring, and Roof.
  • Additional Income from the Laundry Units (2)
  • Nine Subsidized Tenants and One Market Rate Tenant
  • Mastered Metered for Heat and Gas Cooking
  • Rental Upside by Filling the Three Vacancies with Market Rate Tenants.

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 4909 Ayers Place SE Washington DC, a thirteen-unit apartment in the Marshall Heights subdivision. This 9,216 SF building on a .18 parcel has a unit mix of six one-bedroom/one-bath units and seven two-bedroom/one-bath units, with most of the units being recently renovated. Recent updates include newer windows, water heaters (2), flooring, appliances, kitchen cabinets, and a new roof in 2019. This building also has onsite parking for approximately seven cars. 4909 Ayers Place SE provides an owner an opportunity to achieve a 7.20% CAP rate once the three vacant units are filled. Furthermore, value can be added by converting the units from central metered heat to individual metered heat. A cost savings of approximately $8,000 per year. Marshall Heights is experiencing significant revitalization with new retail and residential development occurring throughout this subdivision. Upcoming development includes the Fletcher-Johnson mixed-use project, which is five blocks away from the subject property. This development will include 870 mixed-income residential units and 45,000 SF of retail space. 4909 Ayers Place SE is located six blocks from the Benning Road Metro and this property is located within walking distance from the planned Benning Road Streetcar Expansion which will connect to the H Street corridor and Union Station.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

MM Texture Background
MM Textured Background Lower