3504 13 th Street, NW Washington, DC 20010
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3504 13 th Street, NW Washington, DC 20010 VALUE-ADD PROPOSITION Kimberly S. Mughal
description
3504 13 th Street, NW Washington, DC 20010. VALUE-ADD PROPOSITION Kimberly S. Mughal. Property type: Multifamily Apartments Mid-rise/4 stories/Class C Built in 1910, Masonry Zoning:R4 17,470 SF (CoStar Estimate), .19 acres 21 units total Last purchased in 2009 for $1.9 Million - PowerPoint PPT Presentation
Transcript of 3504 13 th Street, NW Washington, DC 20010
3504 13th Street, NWWashington, DC 20010VALUE-ADD PROPOSITIONKimberly S. Mughal
• Property type: Multifamily Apartments
• Mid-rise/4 stories/Class C• Built in 1910, Masonry• Zoning:R4• 17,470 SF (CoStar
Estimate), .19 acres• 21 units total
• Last purchased in 2009 for $1.9 Million
• The current owner also owns adjacent parcel of land
• Building apn:2834-0161
Unit Mix Beds Rental Rate
SF/Unit
10 Efficiency $1200 800 SF
8 1 BR $1800 1200 SF
3 2 BR $2800 1400 SF
Value-Add Proposition
• Convert space to the side of building into a parking lot—creation of 8 parking spaces
• New kitchen appliances/bathroom fixtures• New hard wood floors• New windows• Rooftop terrace
