Description
The property underwent a meticulous redevelopment in 2014 seamlessly blending old and new. The historic 1812 structure was transformed into two upscale apartments and a new 4-story rear addition created six contemporary units. The two structures share a unique central courtyard in the heart of Georgetown and total more than 7,300 square feet of finished space across the eight rental units.With its prime Georgetown location just steps from the C&O Canal, the Washington Harbor waterfront, M Streets trendy retail corridor, and both Georgetown and George Washington universities this property offers secure and projectable cash flow with enduring tenant demand. Opportunities to secure a multifamily asset of this scale in Georgetown are exceedingly rare. This landmark property brings a combination of proven rental history, high-end design, historic designation and central location making it a strategic long-term revenue generating investment offering reliable yields.
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11BEDS
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0.07ACRES
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10BATHS
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31/2 BATHS
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7,325SQFT
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$765$/SQFT
School Information
Description
The property underwent a meticulous redevelopment in 2014 seamlessly blending old and new. The historic 1812 structure was transformed into two upscale apartments and a new 4-story rear addition created six contemporary units. The two structures share a unique central courtyard in the heart of Georgetown and total more than 7,300 square feet of finished space across the eight rental units.With its prime Georgetown location just steps from the C&O Canal, the Washington Harbor waterfront, M Streets trendy retail corridor, and both Georgetown and George Washington universities this property offers secure and projectable cash flow with enduring tenant demand. Opportunities to secure a multifamily asset of this scale in Georgetown are exceedingly rare. This landmark property brings a combination of proven rental history, high-end design, historic designation and central location making it a strategic long-term revenue generating investment offering reliable yields.
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