Investment Overview

Marcus & Millichap is pleased to exclusively present 129 Yuma Street SE, a 12-unit apartment building in the Congress Heights submarket of Washington, DC. Situated on a 0.23-acre parcel and zoned RA-1, this property features an attractive unit mix of five one-bedroom apartments and seven two-bedroom apartments. This 8,664 SF +/- asset presents a unique opportunity for an investor to purchase a newly renovated and fully leased apartment with immediate cash flow. The recent upgrades include new appliances, HVAC units, water heaters and renovations to each unit. These new improvements will limit the need for additional capital improvement in the near future. Each of the tenants have their rent subsidized with the Housing Voucher Provider (HCVP) program and each of the tenants pay the cost for their electrical and gas service. This acquisition provides an immediate opportunity for a purchaser to achieve a 7.00 percent + CAP Rate. 129 Yuma Street SE is located less than two miles from the newly redeveloped, 350+ acre St. Elizabeths Campus, which features a new entertainment and sports arena, the 3,700-employee U.S. Coast Guard headquarters, and the consolidated home of the Department of Homeland Security. Southeast D.C. is experiencing a development boom, with over $15 billion in active and planned investments, including 5,000 residential units, one million square feet of retail, and 3.5 million square feet of office space either planned or under construction. These extensive infrastructure and mixed-use developments further position this asset as an exceptional opportunity for long-term growth in one of Washington, DC’s most rapidly evolving submarkets.