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Private Placement Memorandum 3726 Connecticut Avenue NW Sedgwick Gardens. Located in Cleveland Park submarket of Washington, D.C. Multifamily property consisting of 118 Units Built in 1932 5 stories 137,808 SF Construction Material: Masonry - PowerPoint PPT Presentation
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Private Placement Memorandum3726 Connecticut Avenue NW
Sedgwick Gardens• Located in Cleveland Park submarket of Washington, D.C.• Multifamily property consisting of 118 Units• Built in 1932• 5 stories• 137,808 SF• Construction Material: Masonry• Elegant Lobby with 24-Hour Concierge Desk; Managed
By Daro Realty• Amenities: Card Key Access, Dishwasher, Gated,
Hardwood Floors, Laundry Facilities, On-Site Property Manager, Storage Units
• 30 Surface Parking Spaces; 15 Garage Spaces
3726 Connecticut Avenue NWValue-Add Opportunities:
• Rooftop Deck• Upgraded Key Card Access• Renovate Hallways• Add Washer/Dryer to units• Modernize Kitchens and
Bathrooms• Upgrade flooring
Problem Areas:
• No Rooftop Deck• No Washer/Dryer in Apartments• Outdated Hallways• Only minor cosmetic kitchen
upgrades• Bathrooms are severely outdated• Old hardwood tile flooring• No central air conditioning• Laundry facilities in basement• Only some units with dishwashers
3726 Connecticut Avenue NWOther Characteristics:
• 2013 Assessed Value: $21,700,400• Average Vacancy: 7.0% (according to
CoStar)# of Units Bed Bath Avg. Unit Size Rent/Month
27 0 1 335$1,500 - $1,600
76 1 1 644$1,700 - $2,300
14 2 2 957 $2,800
1 3 2 1466 $4,000