Investment Overview

Marcus & Millichap is proud to present the market & pricing analysis for the apartments at 3508-3512 Ely PL SE Washington, DC. The buildings are 2, s story, mid-rise style apartment buildings located in the Fort Dupont Park neighborhood. The apartments are permitted and ready for redevelopment into 22 units. The buildings sit on .1 acres of land that is zoned RA-1. The properties are currently 62$ vacant and will be delivered 100% vacant upon closing.
The Fort Dupont neighborhood is nestled between Deanwood and Anacostia in the SE Quadrant of D.C. Fort Dupont is one of D.C.’s hidden treasures. Fort Dupont is a predominantly residential neighborhood surrounding Fort Dupont Park, a 376-acre park managed by the National Park Service. With not much development in its pipeline, the close proximity to Anacostia makes it deal for continued residential and rental price increases. Fort Dupont’s main attractions are the Washington National Youth Academy facility and Fort Dupont Ice Arena. Both facilities have tremendous presence in the community and offer individuals some community entertainments.

With current HCVP rents soaring above the market rent averages, investors have the opportunity to increase their rents as leases expire and fill the vacancies with HVVCP tenants or execute other investment strategies.

INVESTMENT HIGHLIGHTS
Redevelopment Opportunity in Fort Dupont Park
3508 Building 100% Vacant, 3512 will be Delivered Vacant
Permit Ready for 22 Units