2859 Denver St SE,WASHINGTON, DC 20020
WASHINGTON, DC 20020
Description
PRICED TO SELL - 7.82% cap on actual collected income, 9.13% pro forma.Five furnished 1BR/1BA units, renovated in 2025, all five occupied. Every unit includes washer/dryer, smart TV, queen bed and a dedicated workspace, rented all-inclusive on flexible mid-term terms to the military, medical-resident and government-contractor demand DC generates year-round. Dedicated furnished inventory in this submarket is close to nonexistent - national operators price comparable units at $2,900-$3,300/month.Mid-term furnished tenancies turn over on defined terms, keeping the rent roll current with the market rather than locked to legacy rates. All-electric, individually metered, brick, 3,780 SF.At $139,800 per unit this prices below the $148,682 submarket average, with Skyland Town Center Phase 3 (0.3 mi) and the Barry Farm redevelopment (0.9 mi) underway. Government agency leasing at $2,000/unit takes the cap rate to roughly 10.6%.Seller motivated and will review all reasonable offers.
Details
| MLS # | DCDC2253442 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1943 |
| Days On Site | 190 |
| Listing Provided By | Samson Properties | Matt Naha |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Zoning | R-5-A |
| Acreage | 0.10 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Built-Up, Flat |
|---|---|
| Security Features | Smoke Detector, Security System, Exterior Cameras, Main Entrance Lock, Surveillance Sys |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Water Available, Sewer Available, Electric Available |
|---|
Taxes
| Tax Annual Amount | 5863 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | STANTON |
| High School | ANACOSTIA SENIOR |
| Listing VS Median (in 20020) | |
Price: $699,000 low | high Med: $275,000 On site: 190 low | high Med: 109 | |
Market Activity 20020
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | STANTON |
| High School | ANACOSTIA SENIOR |
| Listing VS Median (in 20020) | |
Price: $699,000 low | high Med: $275,000 On site: 190 low | high Med: 109 | |
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