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John Slowinski & Marty Zupancic Of Marcus & Millichap Facilitates Sale Of 12-Unit Multifamily Property In Washington, DC For $2.25M

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SOLD
$2,250,000

Dc

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MultiFamily
Sold 02/09/2024
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SOLD

John Slowinski & Marty Zupancic Of Marcus & Millichap Facilitates Sale Of 12-Unit Multifamily Property In Washington, DC For $2.25M

26 14th Street Southeast

See Similar Deals
MultiFamily
Sold 02/09/2024
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Summary

Asset Type:MultiFamily
Transaction Type:Sale

The 12-unit apartment property located at 26 14th Street Southeast in Washington, D.C., was sold for $2,250,000. The sale equated to an average price of $187,500 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Asset Type: Multifamily
  • Units: 12
  • Price per Unit: $187,500
  • Address: 26 14th Street Southeast, Washington, DC
  • Market: Washington, DC

John Slowinski and Marty Zupancic from Marcus & Millichap facilitated the sale of the property at 26 14th St. SE in Washington, D.C.

Players

Marty Zupancic
17 deals$127M volume
BROKER

John Slowinski
Marcus & Millichap
8 deals$29.7M volume
BROKER

Details

SOLD
IMAGE: John Slowinski & Marty Zupancic DATE: 02/09/2024 ADDRESS: 26 14th Street Southeast MARKET: Washington, DC ASSET TYPE: Multifamily BROKERS: John Slowinski & Marty Zupancic - Marcus & Millichap SALE PRICE: $2,250,000 UNITS: 12 ~ PPU: $187,500 NOTE: Marcus & Millichap unveiled the sale of 26 14th St. SE, a 12-unit apartment property in Washington, D.C., for $2,250,000, averaging $187,500 per unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77