2912 8th street ne - cityfeet · each unit is individually metered for electricity and natural gas....
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© 2019 Greysteel
2912 8th Street NEWashington, D.C.
OFFERING MEMORANDUM
Surrounded by Higher Education Institutions2912 8th Street is just minutes from The Catholic University of America and Trinity University D.C., thus providing consistent renter demand and strong economic drivers.
Off-Street ParkingThe Property contains space for at least four off-street parking spaces in the back, accessible via a public alley. Residents look favorably upon this amenity in a parking-constrained neighborhood.
Self-Contained UnitsEach unit is individually metered for electricity and natural gas. With individual heating, cooling and domestic hot water systems, the owner’s only utility responsibility is water/sewer.
THE CATHOLIC UNIVERSITY OF AMERICA (0.5 MILES)
© 2019 Greysteel
MCKINLEY TECHNOLOGY HIGH SCHOOL
LANGLEY ELEMENTARY
SCHOOL
HARRY THOMAS RECREATION
CENTER
RHODE ISLAND ROW
RHODE ISLAND AVENUE NE
N. C
API
TOL
STRE
ET N
E
IRVING STREET NE
FLORIDA AVENUE NE
NEW YORK AVENUE NE
1
50
BASILICA OF THE NATIONAL SHRINE OF THE
IMMACULATE CONCEPTION
WASHINGTON DC VA MEDICAL
CENTER
MCMILLAN SAND FILTRATION SITE DEVELOPMENT
LOCAL RETAIL MAP
NOMA-GALLAUDET U NEW YORK AVE METRO STATION
RHODE ISLAND AVENUE METRO STATION
2912 8TH STREET NE
BROOKLAND-CUA METRO STATION
CRUMMELL SCHOOL
REDEVELOPMENT
RHODE ISLAND AVENUE
SHOPPING CENTER REDEVELOPMENT
© 2019 Greysteel
2912 8th Street NEWashington, D.C. 20017
Property Details
Stories 2
Units 4
Building 1
Year Built 1941
UTILITY SERVICE
POWER SOURCE
PAID BY
SERVICE PROVIDER
Heat Natural Gas Resident Washington Gas
Cooking Electric Resident PEPCO
Hot Water Natural Gas Resident Washington Gas
Air Conditioning Electric Resident PEPCO
Lights and Plugs Electric Resident PEPCO
Water/Sewer - Property DC Water
TAXES
TAX YEAR
TOTAL ASSESSED VALUE
TAX RATE
TAXES PAID
2019 $641,680 0.85% $5,454
2020 (Projected) $683,400 0.85% $5,809
UTILITIES
CONSTRUCTIONFraming Stick-Built
Exterior Brick Masonry
Parking Off-Street
Roof Pitched
Windows Dual-Pane
MECHANICALSPlumbing Copper/Plastic Polybutelene
Heating Individual Furnace
Air Conditioning Window Units
Electrical Circuit Breakers
LOT SIZE TYPE OF OWNERSHIP SUBDIVISION ZONING PARCEL
3,840 SF Fee Simple Brookland RF-1 3643-0071
82WALK SCORE (Very Walkable)
73TRANSIT SCORE
(Excellent Transit)
72BIKE SCORE (Very Bikeable)
2,800RENTABLE SF*
UNIT MIX (OCTOBER 2, 2019)
UNIT UNIT TYPE STATUS RENTABLE SF* EFFECTIVE RENT/UNIT MARKET RENT/UNIT**
Unit 1 2 BDR Vacant 700 - $2,075
Unit 2 2 BDR Occupied 700 $1,672 $2,075
Unit 3 2 BDR Vacant 700 - $2,075
Unit 4 2 BDR Occupied 700 $1,722 $2,075
Total/Wtd. Averages - - 2,800 $1,697 $8,300
*Estimated Rentable SF**Brookland HCVP Rental Rates
WATER EXPENSE DETAIL
$348.77 $361.40
$302.51 $293.43$324.93
$303.34
$0
$50
$100
$150
$200
$250
$300
$350
$400
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19
WATER EXPENSE DETAIL
© 2019 Greysteel
Rent Comparables
4TH STREET N
E
8TH STREET N
E
FRANKLIN STREET NE
N. C
API
TOL
STRE
ET N
EN
. CA
PITO
L ST
REET
NW
IRVING STREET NWIRVING STREET NE
MICHIGAN AVENUE NE
2
1
3
4 5
2912 8TH STREET NE
UTILITY-ADJUSTED RENT - TWO BEDROOM
© 2019 GreysteelTRINITY WASHINGTON UNIVERSITY (0.3 MILES)
RHODE ISLAND ROW (0.3 MILES)
MONROE STREET MARKET (0.4 MILES)
RHODE ISLAND AVE METRO STATION (0.4 MILES)
NEWCITYDC (1.3 MILES)
© 2019 Greysteel
For more information or to inquire about Greysteel, please contact Ari Firoozabadi, President & CEO ([email protected] | 202.417.3873)
Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified.
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