3205 7TH STREET NE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2022 | No longer available | - | |
| No longer available | |||
| Mar 21, 2022 | In contract | - | |
| In contract | |||
| Jan 17, 2022 | Listed by Compass | $3,000,000 | |
| Listed by Compass | |||
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Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St.Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st.Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.Financials for 2021Income, $189,740Expenses, $58,093Cap rate, 4.4%Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.Reasonable estimate for future rentals could be $4,500 per unit. At that rate:Potential Income, $216,000Potential Expenses, $58,093Potential Cap rate, 5.3% The manager has listed the unit size as 6744 square feet.
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| Jul 7, 2014 | Sold | ||
| Sold | |||
| Jul 1, 2014 | Listed by Coldwell Banker Realty - Washington | $500,000 | |
| Listed by Coldwell Banker Realty - Washington | |||
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About Northeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017