Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9%+ Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month),… Read More unit 3 (2 bedroom/1 bath, $1,475/month) and unit 5 (2 bedroom/1 bath, $1,757/month). Units 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 unit. 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 and renovated and 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! Read Less
Courtesy of Stefan Rosu, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
24
Last Updated
Property Type
Five Or More Units
Square Ft.
4,500
Lot Size
0.16 Acres
Year Built
1944
MLS Number
DCDC2196634
30 Days Snapshot Of 20019
$347k
-6%
(avg) sold price
13
-38%
homes sold
55
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,250 net sqft, 4,500 total building sqft, Built in 1944, 5 units in building, Brick
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