615 Kennedy St NW | Washington, DC 20011
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- LoopNet Team
615 Kennedy St NW
Washington, DC 20011
New Construction Boutique Multifamily Asset · Build-to-Rent Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Brand-new construction in the Kennedy Street corridor within walking distance to Fort Totten.
- Condo-level finishes include granite countertops, stainless steel appliances, custom granite tops and much more.
- Property sits in an Opportunity Zone and can be utilized for significant tax benefits under the federal program.
- Six bi-level units, including two penthouse units with a rooftop deck and one unit with a deck.
- Buyer can achieve an NOI of approximately $219,283 in the first year and this investment also yields a 15.76% five-year levered return.
- Kennedy Street corridor is one of the most robust commercial strips in Washington, DC, with a multitude of large redevelopment projects underway.
PROPERTY FACTS
| No. Units | 8 | Property Size | 9,931 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Floors | 5 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Costar Property Class | C | Parking Allocation | 0.2/1,000 sq ft |
| Total Plot Size | 0.23 ac | ||
| Use Class | MU-4 - Permit moderate-density mixed-use development. | ||
| No. Units | 8 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.23 ac |
| Property Size | 9,931 sq ft |
| Average Occupancy | 0% |
| No. Floors | 5 |
| Year Built | 2024 |
| Parking Allocation | 0.2/1,000 sq ft |
| Use Class | MU-4 - Permit moderate-density mixed-use development. |
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