Northeast DC multi-family property for sale. The apartment building is being leased by a single corporation (no TOPA rights), with 5 years remaining on the existing lease, paying $20,500 per month, absolute net lease with annual 3% increases. Area is quickly developing with some of Washington DC's largest development projects underway nearby. Building is in good condition and cared for by tenant, located in an ideal setting surrounded by recently rehabbed apartment buildings. Easy parking. NDA required for location and property details. Tenant has requested additional lease term, adding additional density is also possible, or converting back into residential.
Commercial real estate for sale
Northeast DC, 20002