INVESTMENT GROUP 3619 12TH STREET, NE · 2020-05-05 · PH1 3BD/Balcony/Mezz/ PH/Roof Deck$699,000...
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3619 12TH STREET, NE INVESTMENT GROUP
Transcript of INVESTMENT GROUP 3619 12TH STREET, NE · 2020-05-05 · PH1 3BD/Balcony/Mezz/ PH/Roof Deck$699,000...
3 61 9 1 2 T H ST R E E T, N E
I N V E S T M E N T G R O U P
SUMMARY
WALK SCORE
VERY WALKABLE
86
T he project will convey
with fully approved
plans & permits for
14 units (condos or
apartments). The unit mix is as
follows: Five 2-bed, Two 3-bed
PH & Seven 1-bed units; located
two blocks away from the
Brookland-CUA Metro station.
SECTION
Street Address: 3619 12th Street, NE Washington DC 20017
Submarket: Brookland
Land SF: 2909 SF
Zoning: MU-4
Net SF: 9,238 SF
Gross SF: 12,269 SF
Units: 14
Street Frontage: 57’ 10”
Construction: Wood Frame
Square | Lot: 3927 0038
CELLAR FLOOR PLANS
D/W
D/W
D/W
UTILITY6’-10” x 13’-4”
KITCHEN6’-5”x 9’
BEDROOM10’-1.5” x 11’-9.5”
CLOSET4’-8” x 7’
CLOSET4’-8” x 7’
KITCHEN12’5” x 9’
KITCHEN11-’8” x 9’
CLOSET
CLOSET
CLOSET
CLOSET CLOSET
BEDROOM8’-9.5” x 12’-6.5”
BEDROOM10’-4” x 10’-2”
BEDROOM8’-6” x 9’-11”
BATH7’ x 4’-8”
BATH7’ x 4’-8”
BATH8’ x 6”
BATH8’ x 5”
LIVING ROOM/DINING ROOM11’8.5” x 10-6”
LIVINGROOM/DININGROOM11’8.5” x 12’
LIVING ROOM/DINING ROOM11’-8.5” x 7”
W/D
W/D
W/D
LADDER LADDERPATIO PATIO
PATIO PATIO
FIRST FLOOR PLANS
W/D
W/D
MASTER BEDROOM16’-1.5” x 10’
BEDROOM8’-9.5” x 10‘-7.5”’BIKE STORAGE
BEDROOM10’-9.5” x 10’
BEDROOM10-’4.5” x 11’
KITCHEN6’ x 11”
BATH5’ x 7’-3.5”
BATH6’ x 8’-7.5”
BATH7’ x 8’-2”
BATH7’ x 5”
KITCHEN12’-2” x 10’-9.5”
LIVING ROOM/DINING ROOM10’-3” x 11’
LIVING ROOM/DINING ROOM12’-10.5” x 8’-9.5”
D/W
D/W
CHAIR LIFT
SHELVES
CLOSET
CLOSETCLOSET
SECOND FLOOR PLANS
D/W
D/W
D/W
CLOSET6’-7” x 5
CLOSET6’-7” x 5
BEDROOM12’-3” x 10’-7”
BEDROOM8’-9.5” x 10’-7.5”
MASTER BEDROOM10’-9.5” x 10’-7.5”
BEDROOM10’-4.5” x 10’-7”
LIVING ROOM/DINING10’-9.5” x 9’-7.5”
LIVING ROOM/DINING16’-6” x 11’-2”
LIVING ROOM/DINING14’-4.5” x 16’-2”
KITCHEN10’-9.5” x 8
KITCHEN12’-2” x 14’-6.5”
KITCHEN1O’-9.5” x 8’
W/D
W/D
W/D
CLOSET
CLOSET CLOSET
CLOSET
BATH7’-2.5” x 5’ BATH
8’ x 5’ BATH8’ x 7‘-6”’
BATH7’-2.5” x 5’
DW
BALCONY BALCONY
Lorem ipsum
JULIET BALCONY JULIET BALCONY
THIRD FLOOR PLAN
D/W
D/W
CLOSET6’-7” x 5
CLOSET6’-7” x 5
BEDROOM12’-3” x 10’-7”
BEDROOM9’ x 10’-7.5”
MASTER BEDROOM10’-6” x 10’-7.5”
BEDROOM10’-4.5” x 10’-7”
LIVING ROOM/DINING10’-9.5” x 9’-7.5”
LIVING ROOM/DINING16’-6” x 11’-2”
LIVING ROOM/DINING14’-4.5” x 16’-2”
KITCHEN10’-9.5” x 8
KITCHEN12’-2” x 14’-6.5”
W/D
W/D
W/D
CLOSET
CLOSET CLOSET
CLOSET
BATH7’-2.5” x 5’ BATH
9’ x 5’ BATH8’ x 7‘-6”’
BATH7’-2.5” x 5’
DW
BALCONY BALCONY
KITCHEN1O’-9.5” x 8’
JULIET BALCONY JULIET BALCONY
FOURTH FLOOR/PENTHOUSES PLANS
D/WD/W
CLOSET6’-7” x 5
BEDROOM12’-3” x 10’-7”
BEDROOM8’-9.5” x 10’-7.5”
MASTER BEDROOM10’-9.5” x 10’-4”
LIVING ROOM14’-6.5” x 12’-9”
LIVING ROOM/DINING10’-9.5” x 9’-7.5”
DINING ROOM16’-6” x 11’-2”
LIVING ROOM/DINING ROOM10’-11.5” x 16’
KITCHEN11’-2” x 8’
KITCHEN10’-9.5” x 8
KITCHEN12’-2” x 14’-6”
W/D
W/D
W/D
CLOSET
CLOSET CLOSET
BATH7’-2.5” x 5’ BATH
8’ x 7‘-6”’
DW
BALCONY BALCONY
UP
UP
JULIET BALCONY JULIET BALCONY
UP
UP
DN
MEZZANINE
ENTERTAINMENT AREA11’-10” x 19’-11”
ENTERTAINMENT AREA
BEDROOM9’ x 11’-1.5”
11’-6” x 7’-6”
5’ x 7’-6”
CLOSET5’ x 5’-6”
DN UPUP
FOURTH FLOOR MEZZANINE PLAN
DECKDECK
BEDROOM13’-6.5” x 10’-6.5”
BEDROOM9’ x 15’-11”
BEDROOM10’-5” x 8’-9.5”
CLOSET5’-2” x 4’9”
CLOSET5’-2” x 4’9”
BATH7’ x 4’9”
BATH7’ x 4’9”
BATH8-6” x 5’
CLOSET5’ x 9.5’
ROOF ACCESS LADDER
PENTHOUSES PLANS
UNIT MIX & PROJECTED CONDO OUTSALE
DESIGN CONCEPT ONLY
DESIGN CONCEPT ONLY
UNIT TYPE SF SELL PRICE
Unit T01 2BD 653 $359,000
Unit T02 1BD 455 $275,000
Unit T03 1BD 330 $249,000
Unit 101 2BD IZ 710 $239,300
Unit 102 2BD w Balcony 660 $439,000
Unit 201 2BD w Balcony 772 $489,000
Unit 202 1BD IZ 497 $114,000
Unit 203 1BD w Balcony 436 $299,000
Unit 301 2BD w Balcony 772 $489,000
Unit 302 1BD 497 $309,000
Unit 303 1BD w Balcony 436 $309,000
PH1 3BD/Balcony/Mezz/
PH/Roof Deck 1,316 $699,000
Unit 402 1BD w Balcony 436 $319,000
PH2 3BD/Balcony/Mezz/
PH/Roof Deck 1,268 $699,000
9238 $5,287,300
AVERAGE OUTSALE PSF $572
ESTIMATED RENOVATION COST $1,800,000
SALES COMPARABLES
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UNIT ADDRESS SF SOLD PSF*
3 3614 12TH ST NE 559 $355,000 $635
101 3736 12TH ST NE 871 $519,000 $596
8 3614 12TH ST NE 973 $579,900 $596
201 3736 12TH ST NE 1177 $665,000 $565
106 3719 12TH ST NE 570 $338,000 $593
AVERAGE SOLD PSF $597
MONROE STREET NE
NEWTON STREET NE
OTIS STREET NE
MICHIGAN AVENUE NE 14TH STREET N
E
13TH STREET N
E
12TH STREET N
E
10TH STREET N
E
LAWRENCE STREET NE
KEARNEY STREET NE
JACKSON STREET NE
CHA
NCELLO
R’S WAY N
E
GIRARD STREET NE
FRANKLIN STREET NE
QUINCY STREET NE
PERRY STREET NE
4TH STREET N
E
EVARTS STREET NE EVARTS STREET NEEVARTS STREET NE
FRANKLIN STREET NE
EDGEWOOD STREET NE MONTANA AVENUE NE
IRVING STREET NE
HAMLIN STREET NE
15TH STREET N
E
16TH STREET N
E
RHODE ISLAND AVENUE NE
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SALES COMPARABLES
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RENTAL PROJECTIONS UNIT TYPE SF RENT RENTAL PSF
T01 2BD 653 $2,090 $3.20
T02 1BD 455 $1,350 $2.97
T03 1BD 330 $1,100 $3.33
101 2BD IZ 710 $2,100 $2.96
201 2BD w Balcony 660 $2,200 $3.33
202 2BD w Balcony 772 $2,550 $3.30
203 1BD IZ 497 1,100 $2.21
301 1BD w Balcony 436 $1,400 $3.21
302 2BD w Balcony 772 $2,550 $3.30
303 1BD 497 1,590 $3.20
PH1 1BD w Balcony 436 $1,400 $3.21
3BD/Balcony/ Mezz/Roof Deck 1,316 $3,500 $2.66
402 1BD w Balcony 436 $1,400 $3.21
3BD/Balcony/ Mezz/Roof Deck 1,268 $3,500 $2.76
$27,830
AVERAGE PROJECTED RENT $1,988
AVERAGE PROJECTED RENT PSF $3.05
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Average Rent Per Unit $1,988
Annual Rent $333,960
Annual Expense $83,490
Net Operating Income $250,470
Cap Rate 5.0%
Total Value $5,009,400
Acquisition $1,900,000
Construction Cost $1,800,000
ADDRESS UNIT TYPE UNIT SF RENT RENTAL PSF
1032 Otis St NE #201 2BD 1011 $3,200 $3.17
1202 Jackson St NE #111 2BD 829 $2,600 $3.14
901 Quincy St NE #3 2BD 726 $2,400 $3.31
3725 12th St NE #2 1BD 611 $1,650 $2.70
401 Evarts St NE #403 1BD 582 $1,595 $2.74
AVERAGE RENTED $2,289
AVERAGE RENTED PSF $3.01
APARTMENT DEVELOPMENT ANALYSIS
RENTAL COMPARABLES
MONROE STREET NE
NEWTON STREET NE
OTIS STREET NE
MICHIGAN AVENUE NE 14TH STREET N
E
13TH STREET N
E
12TH STREET N
E
10TH STREET N
E
LAWRENCE STREET NE
KEARNEY STREET NE
JACKSON STREET NE
CHA
NCELLO
R’S WAY N
E
GIRARD STREET NE
FRANKLIN STREET NE
QUINCY STREET NE
PERRY STREET NE
4TH STREET N
E
EVARTS STREET NE EVARTS STREET NEEVARTS STREET NE
FRANKLIN STREET NE
EDGEWOOD STREET NE MONTANA AVENUE NE
IRVING STREET NE
HAMLIN STREET NE
15TH STREET N
E
16TH STREET N
E
RHODE ISLAND AVENUE NE
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RENTAL COMPARABLES
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BROOKLAND NEIGHBORHOOD
MONROE STREET NE
NEWTON STREET NE
OTIS STREET NE
MICHIGAN AVENUE NE 14TH STREET N
E
13TH STREET N
E
12TH STREET N
E
10TH STREET N
E
LAWRENCE STREET NE
KEARNEY STREET NE
JACKSON STREET NE
CHA
NCELLO
R’S WAY N
E
GIRARD STREET NE
FRANKLIN STREET NE
QUINCY STREET NE
PERRY STREET NE
4TH STREET N
E
EVARTS STREET NE EVARTS STREET NEEVARTS STREET NE
FRANKLIN STREET NE
EDGEWOOD STREET NE MONTANA AVENUE NE
IRVING STREET NE
HAMLIN STREET NE
15TH STREET N
E
16TH STREET N
E
RHODE ISLAND AVENUE NE
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NEIGHBORHOOD ATTRACTIONS
1 Pho 12
2 Askale Cafe
3 Smith Public Trust
4 Masala Story
5 Brookland’s Finest
6 CVS
7 7-Eleven
8 BlueBird Sky Yoga
9 Busboys and Poets
Yes! Organic Market
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BUSBOYS & POETS
ASKALE CAFE
MASALA STORY
BLUEBIRD SKY YOGA
7-ELEVEN
PHO 12
MONROE STREET NE
NEWTON STREET NE
OTIS STREET NE
MICHIGAN AVENUE NE 14TH STREET N
E
13TH STREET N
E
12TH STREET N
E
10TH STREET N
E
LAWRENCE STREET NE
KEARNEY STREET NE
JACKSON STREET NE
CHA
NCELLO
R’S WAY N
E
GIRARD STREET NE
FRANKLIN STREET NE
QUINCY STREET NE
PERRY STREET NE
4TH STREET N
E
EVARTS STREET NE EVARTS STREET NEEVARTS STREET NE
FRANKLIN STREET NE
EDGEWOOD STREET NE MONTANA AVENUE NE
IRVING STREET NE
HAMLIN STREET NE
15TH STREET N
E
16TH STREET N
E
RHODE ISLAND AVENUE NE
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NEIGHBORHOOD ATTRACTIONS
SMITH PUBLIC TRUST
YES! ORGANIC MARKET
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BROOKLAND’S FINEST
CVS
BASILICA OF THE NATIONAL SHRINE
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PLEASE CONTACT SIEM ABEBE DIRECTLY WITH ANY QUESTIONS OR FOR MORE DETAILS.
202.770.4337
CONTACT SOLO
I N V E S T M E N T G R O U P
