**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… Read More 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 FYI, Heavy up electrical upgrade 4/5 years old, There is a common area community laundry room in the basement that currently generates an additional $400-500 per month *****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. **** Read Less
Courtesy of Abel Gebremichael, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Square Ft.
4,074
Lot Size
0.06 Acres
Year Built
1936
MLS Number
DCDC2172576
30 Days Snapshot Of 20011
$649k
-9%
(avg) sold price
30
-38%
homes sold
53
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
None, None
Basement
Improved
Building
4,074 sqft living area, Built in 1936, 4 units in building, Brick
Accessibility Features
2+ Access Exits
Expenses
Operating Expense: $37,924, Trash, Advertising
Heating
Natural Gas, Hot Water
Income
Net Operating Income: $59,084
Lot
2,436 sqft, 0.06 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Soil Types: Soil Study Avail, 5 two-bedroom units
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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