1260 HOLBROOK TER NE, Washington, DC 20002 – DCDC2150208

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,984 sqft

Price per Sqft $361

MLS Listing ID DCDC2150208

Originating Board BRIGHT

Year Built 1948

Annual Tax Amount $4,645

Tax Year 2017

Property Description

The Centurion Group is pleased to exclusively represent the owner of 1260 Holbrook Terrace NE, Washington, DC 20002. This property is situated on a .0x-acre lot in the Trinidad subdivision of Northeast DC.

1260 Holbrook Terrace NE is ideal for an Investor who is seeking to own a cash flowing, fully stabilized housing complex. A total of 4830 SF in six units. The two lower units 480 SF and 600 SF each, with 2BD/2BA. The two middle units are 600 and 635 sf each with 3BR/2BA. The two top level units are 600 and 635 SF each with 4BR/2.5BA. Once this building is stabilized an Investor can achieve a 7.5% +/- CAP Rate.

This H-Street/Benning Road corridor also known as "Downtown Ward 7", is experiencing substantial mixed-use development. Adjacent to Gallaudet University, the premier national university for hearing impaired students, Trinidad has a guaranteed pipeline of tenants due to section 8 status. Adjacent H St corridor shopping and restaurant district is connected directly to Union Station via the DC Street Car, providing government and private industry employees a convenient residential neighborhood just minutes from downtown DC, Union Station, and Capitol Hill. The neighborhood also serves as the headquarters for major employers such as Pepco, DC’s Department of Employment Services, and Unity Health Care. This corridor is experiencing substantial public and private investment which is generating exciting opportunities for small businesses to grow.1260 Holbrook Terrace NE sits blocks away from entertainment/eatery options in Union Market and from major retailers on the H Street corridor. The District Department of Transportation (DDOT) has initiated the final design phase of the "Benning Road Bridge and Transportation Improvement" project. This final design phase will improve Benning Road NE by expanding the route of the DC streetcar, all the way to Georgetown, and by widening lanes for bicycle users and it will make this corridor more walkable.

All showings must be coordinated through the listing agent, and occur with the listing agent present. Recommend you drive to the site and see the exterior yourself before contacting the listing agent. Offer requires a 5% deposit, with a proof of fund letter from the buyer's bank.

Location

State DC

County Washington

Zoning RF1

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Inclusions All appliances

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4055//0049

Ownership Condominium

Special Listing Condition Standard