2585 Naylor Road SE

• Surrounded By Redevelopment
• The Property is perfectly positioned to capitalize on the area’s growth. Nearby projects such as MLK Gateway, Reunion Square,
• 11th Street Bridge Park, Skyland Town Center, and Barry Farms are set to deliver over 3 million square feet of office space and 275,000 square feet of new retail. This downtown location will be in high demand among both future renters and savvy investment professionals alike.
• Immediate Value-Add Opportunity
• Three of the 15 units are currently vacant, allowing new ownership to quickly implement their value-add plan immediately upon acquisition. This allows new ownership to stabilize the asset earlier in its investment cycle, thereby increasing cash yields and potentially allowing a quicker cash-out refinancing.
• Revenue Improvement Opportunity
• Market rents, as indicated by the D.C. Housing Authority’s neighborhood rent levels and Rent Reasonable software, increased significantly on July 1, 2023 with the passage of the new Rent Reasonable rent-setting standards. Current (as of 10/18/23) rents indicated a 61% increase for one-bedroom units, and 22% increase for three-bedroom units allowing new ownership the opportunity to benefit from recent rent growth.

Property Description

2825 Naylor Road SE is a 15-unit apartment community made up of 7 one-bedroom, 3 two-bedroom, and 5 three-bedroom apartments located in the Randle Heights neighborhood of SE Washington, D.C. The Property’s high vacancy and location in the path of development makes an ideal value-add opportunity.