INVESTOR ALERT! Turnkey standalone five unit building for sale in Marshall Heights. Pro forma cap rate is over 8%.
Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Two occupied units: unit 1 (2 bedroom/1 bath, $1,472/month) and unit 2 (1 bedroom/ 1 bath, $1,525/month). Units 3,4, and 5 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant units. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.
Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
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Listing Snapshot
Price
$774,900
Days Online
25 Days
Bedrooms
N/A
Inside Area (SqFt)
4,500 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.16 Acres
Year Built
1944
MLS® Number
DCDC2151410
Status
Active
Property Tax
$3,489.68
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 weeks ago
Listing first seen online
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.16
Parking
On Street
Sewer
Public Sewer
SqFt Total
4500
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Cooling
Central Air
Heating
CentralElectric
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Exterior Features
Construction Details
Brick
Listing courtesy of Keller Williams Capital Properties 7032972730
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