1957 19th Place SE

• WELL-MAINTAINED ASSET
• This meticulously maintained property is in excellent condition, ensuring minimal immediate capital expenditure by new ownership. Professionally managed, all systems, in-unit facilities, and common area spaces have been regularly serviced and upgraded as needed. This level of upkeep not only enhances the property’s appeal and operational efficiency but also ensures a seamless transition for new owners, allowing them to focus on maximizing returns without the burden of immediate, costly repairs or renovations.
• 65% VACANT, IMMEDIATE REPOSITION POTENTIAL
• With 11 out of 15 units currently vacant, this property offers significant flexibility for immediate repositioning and value creation. While subject to TOPA, the high vacancy rate provides buyers with an excellent opportunity to maximize its potential quickly.
• ADJACENT TO BRAND NEW CCPREP ACADEMY
• Adjacent to the Community College Preparatory Academy, which is set to open in late 2024, this property is poised to benefit significantly from the academy’s presence. The academy offers an innovative and rigorous educational environment tailored to under-credited adults who have aged out of the traditional K-12 public education system. Its presence will enhance the neighborhood by creating a professional atmosphere and supporting the community’s educational needs.
• QUALIFIED OPPORTUNITY ZONE INVESTMENT
• Located in a designated Opportunity Zone, this property offers potential tax benefits, including deferral and reduction of capital gains on exit, making it an attractive investment opportunity.
• WARD 8 EPICENTER
• Nestled in the vibrant heart of Downtown Anacostia, this property enjoys a strategic location across from the Anacostia Library, adjacent to a major Ward 8 artery, and less than a mile from the new Skyland Town Center development. Boasting such a prime position, it offers unparalleled access to transportation, regional employers, lifestyle amenities, and entertainment options, rendering it exceptionally appealing to prospective renters.
• ABOVE-AVERAGE SQUARE FOOTAGE
• The units in this building are larger than typical units in the neighborhood and surrounding areas. The additional square footage provides new ownership with the flexibility to implement various value-added strategies, such as converting one-bedroom units into two-bedrooms and two-bedroom units into three-bedrooms, potentially increasing returns on investment.

Property Description

THE OPPORTUNITY Situated in the Anacostia neighborhood, this property offers a prime value-add opportunity for investors through various value add opportunities. With ongoing redevelopment in the area and a strong demand for rental housing, this property is poised for long-term appreciation.