Active
1260 Holbrook Ter NE
Washington DC, 20002
$1,800,000
$361.16 per sqft
Active
4,984 sqft
Commercial
Built in 1948
The Centurion Group is pleased to exclusively represent the owner of 1260 Holbrook Terrace NE, Washington, DC 20002. This property is situated on a .0x-acre lot in the Trinidad subdivision of Northeast DC.
1260 Holbrook Terrace NE is ideal for an Investor who is seeking to own a cash flowing, fully stabilized housing complex. A total of 4830 SF in six units. The two lower units 480 SF and 600 SF each, with 2BD/2BA. The two middle units are 600 and 635 sf each with 3BR/2BA. The two top level units are 600 and 635 SF each with 4BR/2.5BA. Once this building is stabilized an Investor can achieve a 7.5% +/- CAP Rate.
This H-Street/Benning Road corridor also known as "Downtown Ward 7", is experiencing substantial mixed-use development. Adjacent to Gallaudet University, the premier national university for hearing impaired students, Trinidad has a guaranteed pipeline of tenants due to section 8 status. Adjacent H St corridor shopping and restaurant district is connected directly to Union Station via the DC Street Car, providing government and private industry employees a convenient residential neighborhood just minutes from downtown DC, Union Station, and Capitol Hill. The neighborhood also serves as the headquarters for major employers such as Pepco, DC's Department of Employment Services, and Unity Health Care. This corridor is experiencing substantial public and private investment which is generating exciting opportunities for small businesses to grow.1260 Holbrook Terrace NE sits blocks away from entertainment/eatery options in Union Market and from major retailers on the H Street corridor. The District Department of Transportation (DDOT) has initiated the final design phase of the "Benning Road Bridge and Transportation Improvement" project. This final design phase will improve Benning Road NE by expanding the route of the DC streetcar, all the way to Georgetown, and by widening lanes for bicycle users and it will make this corridor more walkable.
All showings must be coordinated through the listing agent, and occur with the listing agent present. Recommend you drive to the site and see the exterior yourself before contacting the listing agent. Offer requires a 5% deposit, with a proof of fund letter from the buyer's bank.
DCDC2150208
MLSⓇ ID
July 22, 2024
Listed
November 22, 2024
Updated
Map
1260 Holbrook Ter NE
Washington DC, 20002
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Sewer
Public Sewer
Other Property Details
Taxes
$4,645
Tax Frequency
Annually
Days on Market
64
Garage
No
Parking
On Street
Parking Total
3
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listed by TTR Sotheby's International Realty
Listing Contact: 6466442564
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 4:01 AM UTC