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Private Placement Memorandum 3726 Connecticut Avenue NW Sedgwick Gardens

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

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Private Placement Memorandum 3726 Connecticut Avenue NW Sedgwick Gardens

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  1. Private Placement Memorandum3726 Connecticut Avenue NWSedgwick 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

  2. 3726 Connecticut Avenue NW • Problem Areas: • No Rooftop Deck • No Washer/Dryer in Apartments • Outdated Hallways • Only minor cosmetic kitchen upgrades • Bathrooms are severely outdated • Old hardwood tile flooring • No central air conditioning • Laundry facilities in basement • Only some units with dishwashers • Value-Add Opportunities: • Rooftop Deck • Upgraded Key Card Access • Renovate Hallways • Add Washer/Dryer to units • Modernize Kitchens and Bathrooms • Upgrade flooring

  3. 3726 Connecticut Avenue NW • Other Characteristics: • 2013 Assessed Value: $21,700,400 • Average Vacancy: 7.0% (according to CoStar)

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