7.5% Cap Rate in the most dynamic zone of DC with a dozen other developments scheduled in the area. One building delivered. Second building completing in 2 weeks as of end of MAY, 2022. DC Rent control EXEMPT, 7.5% cap rate in the most dynamic zone of DC. Take advantage of the rising rental prices at a steep discount directly from the builder. Two buildings, can be purchased together or separately. Located at the Gateway connecting Anacostia and Capitol Hill by the quiet waters of the Anacostia River, the Boaz Flats offer a quiet place for families and individuals to replenish their soul, recharge their spirit, and nourish physical beings as they continue to fight the good fight in the District of Columbia. A large townhomes style development with 16 separately deeded condominiums that can be used as rental apartments. Eight x 2 BD / 2 BA units – Ground levels Eight x 3 BD / 3 BA units – 2nd and 3rd levels Ground level units have backyards. Upper units have roof deck spaces.
Listing courtesy of TTR Sotheby's International Realty.