Showing Saturday 01/25/2025 starting 12 PM till 1:30 PM
Seller is offering $50,000 CapEx Escrow**Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, except for one long-term tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom & $3526 for a 3-bed unit in the zip code, which could elevate the building's pro forma rent to $15,476 per month, There are three units with a 3bedroom layout and 2 bedrooms with 2-bed layout
*****The financial projections and assumptions presented in this proforma document are for illustrative purposes only and are based on information available at the time of preparation. These projections are not guarantees of future performance and involve significant risks, uncertainties, and assumptions, many of which are beyond the control of the preparer or organization. ****
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Listing Snapshot
Price
$1,100,000
Days On Site
19 Days
Bedrooms
N/A
Inside Area (SqFt)
4,259 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1936
MLS® Number
803538753270
Status
Active
Property Tax
$9,266
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
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Recent Activity
10 hours ago
Listing updated with changes from the MLS®
3 weeks ago
Status changed to Active
3 weeks ago
Listing first seen on site
General Features
Acres
0.06
Parking
On Street
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
4259
Water Source
Public
Zoning
RA-1
Interior Features
Appliances
Gas Water Heater
Heating
Natural GasHot Water
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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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