Discover an exceptional value-add opportunity with this 6-unit multifamily property in Randle Heights/Garfield Heights. Boasting a mix of occupied and vacant units, Each unit features 3 bed 1 bath apartments. this asset offers immediate income generation with the potential to increase rents through a voucher program well over $2300 per unit.
With a current gross monthly rent of $6,109 and two vacant units ready for leasing, investors have the flexibility to optimize cash flow. Monthly operating expenses remain low, enhancing the property's overall return potential. Conveniently located near public transportation, major commuter routes, and key amenities, this property is ideal for investors looking for a 1031 Exchange or looking to expand their portfolio.
Don’t miss this chance to secure a high-performing asset in a thriving rental market! Contact us today for financials and to schedule a showing.
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Listing Snapshot
Price
$999,000
Days On Site
34 Days
Bedrooms
N/A
Inside Area (SqFt)
5,460 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.18 Acres
Year Built
1944
MLS® Number
DCDC2185398
Status
Active
Property Tax
$6,599
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 weeks ago
Price changed to $999,000
3 weeks ago
Listing updated with changes from the MLS®
a month ago
Status changed to Active
a month ago
Listing first seen on site
General Features
Acres
0.18
Parking
On Street
Parking Spaces
6
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
5460
Water Source
Public
Zoning
021
Interior Features
Cooling
NoneGeothermal
Flooring
Wood
Heating
GeothermalRadiant
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Exterior Features
Construction Details
Brick
Community Features
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Schools
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Capital Properties
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