2105 M ST NE
Washington, DC 20002

Description:

VALUE ADD | Multifamily / Condo Opportunity There are very few moments in a DC investment cycle where a 15-unit, condo-grade multifamily asset lands on the market vacant, TOPA-clear, and positioned for a buyer to capture immediate, clear-cut upside. This is one of those moments — and it will not last. 2105 M Street NE is at the ultimate finish line. Major interior construction is complete, DOB inspections are signed off, and a clean lien waiver is in hand. Approved condo documents are already secured and convey with the sale. The physical building is delivered as-is, requiring only a few final touches (including paving of the 4-space parking area) to secure the final Certificate of Occupancy. The seller has navigated the entitlement, utility, and permitting gauntlets, leaving only the final site-work milestone for the incoming buyer to unlock the building's full potential. Offered un-priced, this asset is priced to reflect current conditions and represents an incredible value-add or immediate-yield play across 7,800+ square feet of individually metered, warranty-backed construction. The seller is highly motivated, realistic about the market, and ready to review offers immediately. The dual-exit optionality alone makes this worth your attention. Hold it as a stabilized multifamily rental or execute a condo sell-out — the documents are approved, the individual finishes match local demand, and comparable NE DC sell-outs support a substantial premium over the acquisition basis. Proof of concept is sitting right on this exact block: two similarly constructed buildings on the street are fully occupied as active condominiums, and a unit immediately next door at 2109 M St NE, that was listed for $325K, is already under contract. Most buyers spend months and significant capital earning one of those two options; this asset delivers both to a buyer ready to cross the finish line. Trinidad is no longer speculative. The H Street Corridor, Union Market, Ivy City, and the DC Streetcar have established this as a premium residential enclave. The tenants and buyers are there. Offers are being reviewed as received. Due diligence materials, including approved condo docs and architectural plans, are available immediately upon execution of a confidentiality agreement. Call or email Aladdin today.