SOLID INVESTMENT ON CAPITOL HILL
Realty ONE Group Capital is proud to present this 3,490 square foot office building - part of a series of modern office townhouses - minutes from The US Capitol, Union Station and The Supreme Court. Ideally suited, among other things, for professionals, associations and lobbying firms, the property includes three renovated office units and two parking spaces leased to long-term tenants who are currently on month-to-month leases.
A quiet setting tucked in amongst Capitol Hill's classic federals, it also offers great walkable access not only to Capitol Hill, but also to the S.E.C., the Federal Judiciary Building and Union Station, its metro stop and its amenities.
PROPERTY HIGHLIGHTS
Sale Price: $1,995,000
Annualized NOI (2020): $116,063
5.83% CAP Rate
3,490 sf, built in 1986
Three office suites
Fully occupied with stable tenants
Ideal for both investors and owner-occupants
Two surface parking spaces
Situated in the Capitol Hill neighborhood in Washington D.C. within a five minute walk to Union Station, US Senate and US Supreme Court
ZONING MU-24 - Intended to permit moderate-density mixed-use development
Summary Annualized Income Statement 2020
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Total Income:
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$161,940.49
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Total Expense:
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$45,877.05
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Net Ordinary Income:
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$116,063.45
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Download the Offering Memorandum
OM - 507 Capitol Court NE.pdf
Watch Areal Animation and Neighboring Points of Interest
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703 522 6444