Back on the MARKET! PRIME investment opportunity boasting an impressive 10.5%+ CAP rate!!! Multi-family building in Washington, DC features 4 fully-occupied units, with a steady monthly income of $12,400. All units are rented through DCHA housing vouchers, ensuring consistent and reliable cash flow. This building not only delivers strong financial returns but also includes a dedicated on-site Super who efficiently handles maintenance and tenant concerns. Building layout is Two, 5 -bedroom units and Two, 2 bedroom units. Additional perks include convenient rear off-street parking and coin operated laundry room bringing in additional income. Don’t miss your chance to invest in this well-managed, high-yield asset in a vibrant SE DC.
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List Price | $1,195,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | 2,556 |
Number of Stories | 2 stories |
Parking Spots | 0 spots |
Year Built | 1942 |
Last Sold | December 30, 2024 |
Sold Price | 1,125,000 |
APN # | 5362//0081 |
MLS # | DCDC2154140 |
Property ID | 320794170 |
Lot Sqft | 3,565 |
Zoning | R2 |
Total Units | 4 |
Date Updated | December 31, 2024 |
Date Created | August 23, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $148,800 | $0 |
Cap Rate | 10.65% |
Anthony R Howard an agent of . Lic #RS358919
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Robert Crawford
REAL ESTATE AGENT