3504 13th Street, NWWashington, DC 20010VALUE-ADD PROPOSITIONKimberly S. Mughal

• Property type: Multifamily Apartments

• Mid-rise/4 stories/Class C• Built in 1910, Masonry• Zoning:R4• 17,470 SF (CoStar

Estimate), .19 acres• 21 units total

• Last purchased in 2009 for $1.9 Million

• The current owner also owns adjacent parcel of land

• Building apn:2834-0161

Unit Mix Beds Rental Rate

SF/Unit

10 Efficiency $1200 800 SF

8 1 BR $1800 1200 SF

3 2 BR $2800 1400 SF

Value-Add Proposition

• Convert space to the side of building into a parking lot—creation of 8 parking spaces

• New kitchen appliances/bathroom fixtures• New hard wood floors• New windows• Rooftop terrace