Motivated seller, big price drop. Turnkey standalone five unit building for sale in Marshall Heights. Pro forma cap rate is 9.5%. 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!
DCDC2151410
Apartment Building
WASHINGTON
1944
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0.16
Acres
Electric Water Heater, Public Water Service
Public Septic System, Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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