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1740 Q St NW

6 Unit Apartment Building $2,905,813 CAD ($484,302 CAD/Unit) 4.15% Cap Rate Washington, DC 20009

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Executive Summary

Completely remodeled in 2020, carries extremely low operating expenses.
Zero vacancy loss with rents below market, huge opportunity to drive income.
Rarely available Dupont Circle location on terrific block.

OM - 1740 Q - 2024 copy

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$169,297	$49.21
Other Income	$8,505	$2.47
Vacancy Loss	-	-
Effective Gross Income	$177,802	$51.69
Taxes	$19,028	$5.53
Operating Expenses	$25,514	$7.42
Total Expenses	$44,543	$12.95
Net Operating Income	$133,259	$38.74

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	$169,297
Annual Per SF	$49.21

Other Income (CAD)
Annual	$8,505
Annual Per SF	$2.47

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$177,802
Annual Per SF	$51.69

Taxes (CAD)
Annual	$19,028
Annual Per SF	$5.53

Operating Expenses (CAD)
Annual	$25,514
Annual Per SF	$7.42

Total Expenses (CAD)
Annual	$44,543
Annual Per SF	$12.95

Net Operating Income (CAD)
Annual	$133,259
Annual Per SF	$38.74

Property Facts

Price	$2,905,813 CAD	Apartment Style	Garden
Price Per Unit	$484,302 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.04 AC
Cap Rate	4.15%	Building Size	3,440 SF
Gross Rent Multiplier	17	Average Occupancy	100%
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built	1910
Property Subtype	Apartment	Parking Ratio	0.58/1,000 SF

Price	$2,905,813 CAD
Price Per Unit	$484,302 CAD
Sale Type	Investment
Cap Rate	4.15%
Gross Rent Multiplier	17
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.04 AC
Building Size	3,440 SF
Average Occupancy	100%
No. Stories	3
Year Built	1910
Parking Ratio	0.58/1,000 SF

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	4	-	-
1+1.5	1	-	-
2+2.5	1	-	-

1 of 1

Walk Score ®

Walker's Paradise (99)

Transit Score ®

Excellent Transit (88)

Bike Score ®

Biker's Paradise (98)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	0156-0234	Total Assessment	$2,225,123 CAD
Land Assessment	$807,528 CAD	Annual Taxes	$19,028 CAD ($5.53 CAD/SF)
Improvements Assessment	$1,417,595 CAD	Tax Year	2023