Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious… Read More McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners. The numbers speak for themselves: proformas show a potential gross revenue of over $102,000 annually, delivering an impressive Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $60,600 annually with a rental income of $ 5,050 per month (or more when the current tenants move out in January 2025). Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don't miss out on securing your future with this prime investment. Unit #1 (occupied) requires 48 hours to show, please contact LA with all showing requests. Read Less
Courtesy of Sabrina Kim, Keller Williams Chantilly Ventures [email protected]
2,648 sqft living area, Built in 1923, Major renovation in 2023, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: Dry Wall, 2 units in building, 3 levels in building, Federal, Brick
Cooling
Central Air, Electric, Central A/C
Floors
Hardwood
Foundation
Brick/Mortar, Pilings
Heating
Electric, Hot Water
Interior Features
2nd Kitchen, Bathroom - Tub Shower, Built-Ins, Central Vacuum, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley
Lot
1,401 sqft, 0.03 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Soil Types: Urban Land-Sassafras-Chillum, 1 three-bedroom unit
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