4017-4025 8th Street NE

• EASY VALUE-ADD
• Twelve of the 13 units have enclosed back porches that could easily and inexpensively be converted to additional bedrooms, thereby allowing new ownership to push rental revenues with a relatively low-cost unit rearrangement. Furthermore, the large lot (and existing curb cut) could allow for installation of a parking lot, or a potential for additional density in the future.
• LOCATION AMONGST EMPLOYERS
• The Property is surrounded by major employment and economic centers, including Catholic University, Trinity University, Children’s National Hospital Center, MedStar Washington Hospital Center, and College Park, MD. New ownership will benefit from strong rental demand amongst renters seeking accommodations nearby their work and school obligations.
• METRO ACCESSIBILITY
• The Property is located a half-mile, or less than 10-minute walk, from the Brookland Metro Station, which provides riders access to Silver Spring, Downtown D.C. and Bethesda via the Red Line. Access to the Red Line, WMATA’s busiest line, is a major amenity for tenants and residents of the neighborhood.
• SELLER FINANCING
• The owner has indicated a willingness to provide the buyer with seller financing at a below-market interest rate. The specific terms are subject to negotiation and based upon factor’s including creditworthiness and experience.

Property Description

THE OPPORTUNITY 4017-4025 8th Street NE is a 13-unit apartment community with nine one-bedroom units and four two-bedroom units located in the Brookland neighborhood of NE Washington, D.C. Eight of the 13 units are vacant, allowing new ownership the opportunity to immediately implement their value-add plan upon acquisition.