Multifamily Portfolio Sale in DC!

Attention, Multifamily Investors! Noble Group with eXp Realty is thrilled to present an exceptional investment opportunity--a prime multifamily portfolio for sale in Washington, D.C. This impressive portfolio comprises five multifamily properties, totaling 88 units and approximately 80,000 square feet, with a projected annual rental income of $2.5 million and delivery expected in early Fall 2024.

Strategically located in highly desirable areas of D.C., these properties offer remarkable flexibility. Whether you opt to continue operating them as high-performing rental units or convert them into condominiums, this portfolio is perfectly suited to a wide range of investment strategies.

Listed at $33,450,000, this opportunity promises substantial returns, backed by D.C.'s consistently increasing rental values. Invest in an area renowned for its sustained growth in both demand and property values. With a projected monthly net income of $2,568,000 and a capitalization rate of 7.68%, this portfolio offers a strong and compelling return on investment. Portfolio consists of 5 multifamily properties at 1916-1918 Benning NE, 313-317 Kennedy St NW, 1913 17th St SE, 1600 Good Hope Rd SE, 4521 Iowa Ave NW.